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To: count gold who wrote (5677)11/8/1997 12:42:00 AM
From: Charliss  Respond to of 31646
 
Virginia Munger Kahn writes in the New York Times, in an article about Stephen McGruder, manager of the Lord Abbett Delevoping Growth Fund:

"...Among the fund's big winners have been...companies that want to thwart the year 2000 computer bug, like Information Management Resources and Data Dimensions."

As investors in TPRO, we may very well be the visionaries who live outside the circumspect of conventional wisdom. Still....a little more conventional support would not hurt. I suppose it will come when the time is right. In the meantime, I own the stock, tell others that I do and that it is a big chunk of my portfolio, and remain patient and quite happy.

Charliss



To: count gold who wrote (5677)11/9/1997 1:37:00 PM
From: C.K. Houston  Read Replies (5) | Respond to of 31646
 
Count Gold,

<I was out shopping for a new car and got home late today.>

There are 10-20+ embedded chips in automobiles. The Big 3 automakers are coming down hard on vendors throughout their supply chain to ensure, by next year that they are Year 2000 compliant.

They have no choice. SEC will be cracking down on publicly-traded companies that are not compliant sometime next year (this incudes their vendors). Some banks are starting to make Y2K compliance a condition for loans and financing.

We'll be seeing business failures with the smaller companies that are far down the supply chain. If they are not compliant, the large companies will refuse to do business with them, and consider them in "breach of contract".

Ask if the dealer or manufacturer can guarantee that the car is Y2K compliant. Do they know for a fact that the embedded chips are AOK? Kind of a "Year 2000 Warranty". Get it in writing.

Maybe all chips are OK. Maybe some aren't, but doesn't affect anything critical. Maybe some do. The problem is ... no one knows for sure.

A car is a pretty big financial investment. You don't want surprises down the road, if they can be avoided.

I happen to have the 53 page GM Testing Document for Vendor Year 2000 Testing & Compliance. They're taking this very seriously.

Eventually we'll start seeing the term "Year 2000 Compliant" incorporated into advertising for almost every product containing embedded chips. But, it ain't happening yet. Buyer Beware.

Good luck,

Cheryl