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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (12380)	1/1/2000 3:21:00 PM
From: RockyBalboa	Respond to of 18998

First: LONDON, Jan 1 (Reuters) - The third millennium dawned amid fireworks and revelry without crashing the world's computers, leaving experts to question whether the $600 billion price tag to immunise business and government against the Y2k bug was necessary. Predictions of cyberspace chaos proved as empty as the prophesies of Christian doomsday cultists in Jerusalem. ... WAS IT WORTH IT? But people are now wondering if there really was a $600 billion problem in the first place. According to Ross Anderson of Cambridge University's Computer Laboratory, British Telecommunications Plc and South Korea bought similar telephone hardware in the late 1980s. Speaking in the middle of 1998, Anderson said BT would spend around 500 million pounds ($800 million) making sure it was not destroyed by the millennium bug. South Korea up to that point had spent nothing because they didn't see a problem. ''They can't both be right,'' Anderson said at the time. Shareholders will want to hear convincing reasons for spending on this scale. Lawyers will be urging action for companies to seek compensation if huge sums were judged to have been spent unnecessarily. Secondly, the Gartner Group does not give it up: The bug, unless purged, will act more like a debilitating disease which insidiously weakens computer systems before finally toppling them, Gartner Group analyst Andy Kyte said. The Gartner Group, a U.S. information technology research company, said fewer than 10 percent of all Y2K-related failures would occur during the two weeks surrounding January 1, 2000. We will see who is right....I agree that now, as the market ran that far (especially the naz) the next surprise is on the downside (but before that happens my tax loss sellers should bounce a bit, lol).

To: Mr. Pink who wrote (12380)	1/1/2000 6:41:00 PM
From: R.E.B.	Read Replies (1) \| Respond to of 18998

The only thing not discounted is the $3 Trillion (with a "T") in money market funds waiting to be invested after 1/1/2000. This number comes from a DLJ report. The market has factored in the non-event known as the Y2K bug as evidenced by the strong showing in the final week of trading. But still, $3 Trillion needs to be invested. January will be another record-breaking month for the bulls.

To: Mr. Pink who wrote (12380)	1/1/2000 8:22:00 PM
From: Hawaii60	Read Replies (1) \| Respond to of 18998

Do you know if this is the real Anthony or not? messages.yahoo.com If it is, we finally found something to agree on. This company is too much. I tried to IM you with this question but for some reason when I clicked on your profile. There was no IM button. Maybe I did it wrong?