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

To: sibe who wrote (8129)	11/27/1997 5:17:00 PM
From: P. Ramamoorthy	Read Replies (2) \| Respond to of 13949

>>"It's all Hype", from fully qualified experienced IT professionals. The ranks of the IT profession are far from unanimous that a problem exists. Some are very vocal that this is hype backed by vendors. Your enemies are in your own ranks not the media!!<< When the lawsuits start and hit the pocketbooks of CEO's, it'll go to the other extreme. Outsourcing is a popular Corporate virtue nowadays. Ram

To: sibe who wrote (8129)	11/27/1997 6:30:00 PM
From: sibe	Respond to of 13949

From San Jose Mercury News (11/23): At Pacific Bell in San Francisco, a 45-member year 2000 program office is working to complete all fixes by the end of 1998, to allow a year for testing of revised systems. "The year 2000 is a very frightening issue...," says Betsy Farrell, who heads the office. "I believe if everyone diligently does the work, the significant and high risk will not be felt." Comment: Hmm, that's like saying if everyone obeys the law, there should be no crimes. Now what is the likelihood of that?

To: sibe who wrote (8129)	1/8/1998 8:56:00 PM
From: sibe	Read Replies (1) \| Respond to of 13949

Off Topic Does anyone know the origin of the term "silver bullet" to mean magic solution? If so, please post. Thanks.

To: sibe who wrote (8129)	1/14/1998 10:45:00 PM
From: sibe	Respond to of 13949

from year2000-discuss@year2000.com: "CHICAGO (January 12, 1997) - The U.S equity market will decline by 25% to30% by the end of calendar 1998, due primarily to the Year 2000 computer problems, according to The Millennium Investment Corporation. Details of this bear market forecast were released today in a report circulated to the investment community by Dennis G. Grabow, founder and CEO of Millennium, the Chicago- based Year 2000 institutional financial advisory firm. In this forecast report, Grabow urges investors to realize the financial impact that the Year 2000 computer problem will have, not only on U.S. equity markets, but markets around world. He further advises investors to begin developing a financial strategy that protects assets and is responsive to the unique opportunities in the market."

To: sibe who wrote (8129)	1/18/1998 12:59:00 AM
From: sibe	Read Replies (1) \| Respond to of 13949

Some quotes from The Sunset Beacon, a San Francisco district newspaper, January 1998: Year 2000 Could Wreak Havoc in City's Computers "Glitches" Already Showing Up When an SF police officer runs a license check through the Department of Motor Vehicles, nine times out of 10 the DMV is falsely reporting the license being suspended because computers are unable to recognize the year 2000 as a valid date. A preview of what could happen if City computers fail already occurred when software running the Court Management System failed to recognize the year 2000. The "glitch" prohibited police officers from conducting warrantless searches of felons on probation. While some departments may bring their computer systems into compliance by 2000, failure to check other systems could result in employees and the public being locked out of City buildings on the first Monday of the year 2000 because of just such an oversight. A check with the SF Planning Dapartment found this possible scenario when Alton Chinn, systems specialist in charge of year 2000 compliance, expressed confidence the department would have its computers operational by January 1999, but failed to consider embedded chips in the operational systems of the building. "That's just not my jurisdiction," explained Chinn.

To: sibe who wrote (8129)	1/19/1998 7:15:00 PM
From: sibe	Respond to of 13949

from the ITAA weekly epistle: y2koutlook@itaa.org Katzen Calls It Quits The Clinton Administration¡s top official for Year 2000 is moving to a new assignment in the federal government. Sally Katzen, Administrator of the Office of Information and Regulatory Affairs in the Office of Management and Budget (OMB), has been appointed Deputy Assistant to the President for Economic Policy. She will serve as Deputy Director at the National Economic Council. Katzen has led federal efforts to manage the Y2K conversion within federal agencies. She has also served as the Administration¡s chief spokesman for addressing the issue before Congress. Katzen is expected to leave the position in the next few weeks. Although Y2K issues drew Katzen into the spotlight, the larger part of her job involved overall government oversight of regulatory affairs. "Katzen lacked the management clout to expedite the government¡s response to Year 2000," said one industry observer. "While OMB has a broken line reporting relationship on Year 2000 to agency CIOs, what it really needs is a pointy stick to make things happen. That means a direct connection to Cabinet Secretaries on this issue."

To: sibe who wrote (8129)	1/24/1998 10:47:00 AM
From: sibe	Read Replies (1) \| Respond to of 13949

From San Francisco Chronicle (1/24/98) Associated Press 1,000 Taxpayers Hurt by Year 2000 "Crisis" Error occurred when IRS tried to fix coding "The IRS uncovered an unintended side effect of its effort to fix the Year 2000 coputer problem: About 1,000 taxpayers who were current in their tax installment agreements were suddenly declared in default due to a programming error. "It's believed to be the first evidence at the IRS of taxpayers being stung by the fallout of the 'millenium crisis.'" Note from sibe: I'm making sure I'm not going to expect any refunds from the IRS the next few years.

To: sibe who wrote (8129)	1/30/1998 7:14:00 AM
From: sibe	Read Replies (1) \| Respond to of 13949

From Year/2000 Journal (Jan/Feb 98): Capers Jones and Jan Huffman wrote an article called "Resource Conflicts between Year/2000 and Euro-Currency Conversion Problems." A quote from the article: "The European Union should wake up to the fact that Western Europe cannot do both sets of changes at the same time. ...(T)he most prudent course ...would be to move the Euro-currency date from January 1, 2002 to January 1, 2005. As the situation now stands, it is highly unlikely that the European Union will be able to achieve either Year/2000 compliance or currency conversion compliance with their available software resources. It is folly to assume that both of these massive efforts can take place at the same time."

To: sibe who wrote (8129)	2/21/1998 6:05:00 PM
From: sibe	Read Replies (4) \| Respond to of 13949

From Dow Jones as reported in SF Examiner on 2/21/98: Symantec sued over AntiVirus 2000 bug New York Shareholders of Symantec Corp., filed a lawsuit seeking class action status alleging breach of implied warranty and related claims in connection with the company's Norton AntiVirus software. Attorneys representing the plaintiff said the complaint concerned the inability of Norton AntiVirus prior to Version 4.0 to recognize and process dates starting in 2000. A spokesman for Symantec wasn't available for comment.