Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: paul e thomas who wrote (7613)	11/6/1997 5:09:00 PM
From: bob	Read Replies (2) \| Respond to of 13949

Hello Rip, As of yesterday I have a 1 stock portfolio. TPRO! OK, A few mutual funds also.

To: paul e thomas who wrote (7613)	11/7/1997 3:11:00 AM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 13949

Re: NationsBank will spend $100 million to fix Y2K bug!!! WASHINGTON, Nov 6 (Reuters) - NationsBank will spend about $100 million to update its computer systems for the year 2000, president Kenneth Lewis said Thursday. The bank plans to be ready by the third or fourth quarter of 1998, Lewis said at a conference of the American Institute of Certified Public Accountants here. The problem, sometimes referred to as the ''millennium bug,'' arises becasue some computers track only the last two digits of the year when recording dates. Such systems might treat the year 2000 as the year 1900 leading to miscalulations, errors or even complete failure of a computer. Concerned that financial system failures could criple the economy, bank regulators have said they are closely examining the efforts of banks to prepare computers for the year 2000. Even if major institutions such as NationsBank update their systems, serious problems could still occur if criticial computers in contact with the banks but owned by others are not updated, Lewis said. ''One of the concerns I think all of have is the interdependency -- that we might be ready but how about the U.S. government or how about our vendors,'' he said. ========================= Is this a shot in the arm or what? - Jeff P.S. I deny all rumors that FBN has been selected as the vendor of choice. Furthermore, I have no comment about how soon FBN plans to work on the project. And, lastly, I absolutely will not speculate how many people FBN might have to hire to get the job finished by Q3 '98. (gg)