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


To: STLMD who wrote (389)11/9/1997 11:34:00 PM
From: David Eddy  Respond to of 9818
 
STLMD -

Sample Letter: It has come to my attention as an investor and researcher in Year 2000 issues that there appears to be a paucity of coverage re: the seriousness of the Y2K problem in the US media

Actually the coverage is starting to get pretty thick... it's just that what we need is SUBSTANTIVE coverage leading to real activity.

For instance... recently Oxford Healthcare lost $3.5B in market value (dropping from $70 to $20 I believe) when they found that "due to computer problems" they had 30,000 few subscribers than believed and $111 million less in cash. Details, details. <evil g>

I spent some time on the phone with the WSJ reporter who did this piece, trying to give some background on how/why systems could get that messed up.

What I'd really like to see [Ha! Dream on.] is an investigative reporting piece following the life of "a transaction" thru & across the multiple system boundaries... like let's track how oil comes from Venezuela, is turned into fertilzer, goes onto the field to grow corn which is fed to cattle which eventually becomes my hamburger... now just how many hops are there where date dependent activities happen?

- David