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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: C.K. Houston who wrote (328)	10/26/1997 8:56:00 PM
From: C.K. Houston	Respond to of 9818

Possible Delay on Decimal Trades because of Y2K *Excerpts* "Securities and Exchange Commission Chairman Arthur Levitt Jr. and Frank G. Zarb, chief executive of the National Association of Securities Dealers, told legislators that Wall Street firms may not be prepared to convert to a decimal system by the year 2000 as planned, the sources said." "The New York Stock Exchange said in June that it would start trading in pennies or nickels by the year 2000, and the NASD said it could match the Big Board's schedule." "Levitt and Zarb and their staffs told members of the House Commerce Committee, which oversees the regulators, that the conversion plan would compete with the industry's effort to deal with the year 2000 problem, the sources said. Computers everywhere need to be adjusted to recognize dates after Dec. 31,1999, or they will malfunction." The Washington Post October 18, 1997 washingtonpost.com