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

To: C.K. Houston who wrote (331)	10/27/1997 5:22:00 AM
From: R. Bond	Read Replies (1) \| Respond to of 9818

Cheryl, FYI, an article from a site which you, also, may wish to monitor. Banking Technology News Online: banktechnews.faulknergray.com >>The Price Is Right Not only are banks and brokeragesmerging like mad, but the prices are atan all time high. The ratio of the pricepaid for an institution compared to itsactual book values is 2.5 so far in 1997, upfrom 2.2 over the course of 1996. Similarly, these prices are 19.4 timesthe most recent 12 months of earnings, upfrom 17.9 at the end of 1996, says"Merger Modeler," a recent report by Salomon Brothers. Salomon, also notesthat technology issues are now at theforefront of bank consolidation. Technology considerations are mostprominent on the part of the sellinginstitution, which now faces pretty steeptechnology expenditures in order to compete.<< And, thanks for your heroic efforts at amassing current info on Y2K. You are a powerhouse! However, I fear you shall soon be overwhelmed due to increasing media coverage. Then you will have time to open your consultancy. I will send you a complimentary "Y2K Hammock" for 1999 from which we shall monitor the goings-on from our laptops on a remote beach. This is only one of the Y2K accessories which I plan to market next year. That is, if I'm not too busy with my Y2K Therapy business. The massive amount of stress, paranoia, guilt, and shame generated by this bug (and the upcoming press/lawsuits) must be met! Not only will those responsible for fixing things be dysfunctional, but those members of the general public who are (and will continue to be for some time) in denial will be in need of help. I already have a list of future patients from the many people to whom I have mentioned the topic only to be interrupted before I can finish two sentences. Cheers, Bond P.S. Did you notice how quickly the Hong Kong banks moved to curb withdrawals of time deposits last Thursday? hkstandard.com