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

To: C.K. Houston who wrote (7667)	11/9/1997 2:30:00 AM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 13949

Re: Is admitting a Y2K problem a badge of honor or a scarlet letter? With all the talent here on SI, we should be able to come to some reasonable conclusions why so many companies are reluctant to announce news about their Y2K problems. Here are some possible reasons: 1. Companies think a Y2K problem is an admittance of shoddy programming 2. Companies don't want to panic investors with large Y2K budgets 3. Companies want people to think they are doing the work in-house and thus don't want press releases mentioning outside vendors 4. Companies are just waiting to announce they've solved the problem 5. Companies have yet to take any course of action and thus have nothing to report [This is where Jumper posts: "6. There is no problem"] - Jeff BTW, CK, here is the a great link for media resources: mediasource.com

To: C.K. Houston who wrote (7667)	11/9/1997 3:04:00 AM
From: Philip H. Lee	Respond to of 13949

Potential Y2k Impact on Offshore Oil Production. "Millennium Computer Bug Could Shut N.Sea Platforms," 16:51 10-29-97. pathfinder.com@@k3nB9AYAuDJtXrql/net/latest/RB/1997Oct29/606.html Notable excerpts: "Companies such as Royal Dutch/Shell and British Petroleum said they realize they are sitting on a time bomb and are racing against the clock to check millions of microprocessors." "The oil industry faces a gargantuan task to fight the millennium bug, illustrated by the fact a single offshore oil platform may contain over 10,000 microprocessors. Some are deep below sea level, but all need to be checked." -------- To keep up on developments regarding noncompliant chips, checking Gary North's website every now and then might be a good idea. garynorth.com Philip