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To: Norman Stone who wrote (5788)	11/11/1997 9:20:00 AM
From: DAN WONG	Read Replies (1) \| Respond to of 31646

to all: update of asia market Japan // Nikkei // 15867.23 // +170.03 // 03:23 Hong Kong // HangSeng // 10004.13 // +11.29 // 05:02 Indonesia // JKSE // 462.69 // -3.43 // 10Nov Israel // CBOE Israel Idx. // 258.03 // -0.35 // 10Nov Malaysia // KL Composite // 692.49 // +2.97 // 05:02 Philippines // Manila Composite // 1862.28 // +10.31 // 00:33 Singapore // ST // 1684.10 // +20.41 // 05:02 Taiwan // Taipei Weighted // 7712.10 // -55.00 // 00:33 Thailand // SET // 467.94 // -20.00 // 05:02

To: Norman Stone who wrote (5788)	11/11/1997 10:05:00 AM
From: Clayleas	Read Replies (4) \| Respond to of 31646

<In any case, from a legal standpoint, they are better off if they wait to admit their awareness until they begin the all-out push to fix the problem.> But my point is that with technical articles, mainstream press articles, government hearings, accounting standards, etc., etc. on the y2k problem all clearly out there, I don't think anyone can successfully argue in court that they are not aware. And even if they don't admit it in public, surely there are internal memos showing awareness in these companies that would come to light in a legal discovery process. I don't think the reason for silence is a legal one. I think it has more to do with budgets. IMHO, a lot of companies got caught short this year with no money in the budget for y2k, and therefore they are not working on a solution yet. They don't want to talk about it until they can say they are doing something about it. If this is right, then we should start seeing ripples of activity beginning late this year and really picking up to tsunami proportions in the first quarter of '98. Jim