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To: Jack Zahran who wrote (5547)11/6/1997 1:37:00 PM
From: Emec  Read Replies (1) | Respond to of 31646
 
Thought I'd share some new tax news."Recent IRS guidance allowing companies to deduct costs incurred to convert or replace computer software to handle dates starting with the year 2000 won praise from practitioners. Revenue Procedure 97-50 affirmed that costs paid or incurred to purchase year 2000 compliant software could be deducted rather than capitalized. It put to bed a latent issue out there.
From BNA Daily Tax Report.



To: Jack Zahran who wrote (5547)11/6/1997 1:41:00 PM
From: Pete  Read Replies (1) | Respond to of 31646
 
Jack,

I think you are stretching the facts if you try to classify TPRO
as a software company. The key to their Y2K business is data, not
software. Yes, they've put the data into a database, and developed
software to enable access to the data, but I don't consider their
product to be software in the traditional sense of a software
program that makes running ones daily business operations possible
(or easier).

I'm not doubting that TPRO has the skills to do software development
that could generate future revenues, but right now I think it's
speculation.

I've heard TMex say they are in the Supply Chain Management business,
but I don't understand where this comes from. I admit I'm not really
familiar with the Supply Chain Management industry. What role does
TPRO play in this? Do they have other products other than their
much needed database that come into play in supply chain management?
Tokyo, can you shed some light on this part of their business?

Pete



To: Jack Zahran who wrote (5547)11/6/1997 1:43:00 PM
From: Clayleas  Respond to of 31646
 
<I suspect that other software products will be forthcoming to take them beyond the year 2000.>

Perhaps you are right, but I can virtually guarantee that it will be a long long time before the market sees it that way. The market isn't even giving us full value for the Y2K potential yet, let alone our dreams for the business beyond 2000. JMO

Jim