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

To: Tumbleweed who wrote (7701)	11/10/1997 11:42:00 AM
From: Done, gone.	Respond to of 13949

Y2k press clippings: US News and World Report: "The currency change in Europe could cost U.S. firms billions": usnews.com Quote: "Even before it is introduced on Jan. 1, 1999, the long-awaited euro threatens to cost American business $30 billion or more to buy new software and recode old programs, as companies with interests on the other side of the Atlantic attempt to adapt to the new currency. No later than Dec. 31, 1998, people doing business in Europe will have to rewrite their computer software to handle three different base currencies at once. InformationWeek: "Look Beyond Year 2000 -- Immersion in millennium work can save the day but kill a career. Find time to keep your team up to date on technology": techweb.com Quopte:"Outsource as much of your year 2000 problem as possible. Put teams to work on new technology-even if it turns into after-hours work." InformationWeek: "Year 2000:No Small Job -- Small and midsize companies struggle to get their code ready for the new century": techweb.com Quote: "The millennium bug is difficult enough for large companies with deep pockets, large IT staffs, and direct lines of communication to the big vendors. It's even more pernicious for smaller businesses, with far less money, personnel, and influence. A recent Gartner Group study found that nearly one-third of companies surveyed worldwide -most with fewer than 2,000 employees-have not yet started to deal with the year 2000 problem." InformationWeek: "Banks Bracing For Year 2000": techweb.com Quote: "How serious is the problem for the banking industry? According to surveys conducted by Gartner Group Inc., although U.S. banks have completed 30% of their compliance efforts, "they have a probability of 10% system failure," says Lou Marcoccio, director of year 2000 research at Gartner. Part of the problem:Surveys of vendor compliance efforts are rarely accurate because most vendors "don't know what they don't know," says Marcoccio." InternetWeek: "Year 2000 Quirks Will Hit Us Slowly": techweb.com Quote: "Of course, there are lots of people who worry about the problem with computer systems when the year 2000 comes. Mostly, they are IT managers who are tasked with solving the "Millennium Bug." Unfortunately, most business managers don't worry about it at all, and in fact refuse to allocate resources to solving the problem. They'll worry about it when it happens, but right now, they're too busy making money." InternetWeek: "Is Network Gear Y2K Vulnerable? You Bet --Devices built before 1996 pose greatest threat; integrator aims to help users quantify problem.": techweb.com Quote: "Many network devices made before 1996-including bridges, routers, gateways, multiplexers, DNS and E-mail servers-are in serious danger of stumbling over the Year 2000 date glitch that is affecting mainframes and other legacy systems, experts last week said." InternetWeek: "NCR, AT&T Do Y2K": techweb.com Quote: "They may be separate companies now but they still work together. AT&T two weeks ago contracted with NCR Corp. (www.ncr.com) to assess, repair and test AT&T's systems for Year 2000 compliance. The goal of the contract is to resolve all of AT&T's Year 2000-related problems by the end of 1998. Exact terms of the multimillion-dollar contract were not disclosed." Fortune: "The Spirit is Willing." pathfinder.com Quote: "In the year 2000," he replied, "there will be a disaster like none the earth has ever seen. Computers will crash when they fail to recognize the turn of the clock at midnight! Elevators will tumble! The earth as we know it will grind to a halt!" NZ InfoTech Weekly: "Year 2000 books published.": infotech.co.nz Quote: "Howard Woolston, a business, financial and information technology consultant, launched a book in September called the Millennium Bug, while senior consultant at Azimuth Consulting, John Good, launched A Survivor's Guide to the Year 2000 Problem a couple of weeks ago. " The New York Post: "The Millennium Bug - And The Lawyers.": nypostonline.com Quote: "Plaintiff's lawyers plan to celebrate the millennium in a big, and profitable, way - with the mother of all class-action suits. And experts say this could make the litigation over breast implants and asbestos look like chump-change wrangling." USA Today: "Putting a price on the year 2000 glitch.": usatoday.com Quote: "Lawmakers stress that is why the cost of fixing the flaw - dubbed the millennium bug or Y2K by computer geeks - should be known before investors buy or hold a stock. ... Companies that are not candid about the costs may end up paying more if lawyers have to be hired to fend off shareholder lawsuits or to sue vendors for software that malfunctions." Evil news rides post, while good news baits. --Milton. To Joe C.: nope, I try to avoid Bill's Makeusoft wares whenever possible. To Taoman: I am The Fool - legal! Born 4/1. What's your excuse? ;-) Bounced Czech (FBN - Ride!)