Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CSGI ...READY FOR TAKE-OFF! -- Ignore unavailable to you. Want to Upgrade?

To: tech who wrote (1590)	12/15/1997 9:11:00 PM
From: tech	Respond to of 3391

From today's Wall Street Journal It's become evident that the economic turmoil in Asia is going to cause earnings problems for a wide range of companies, in Silicon Valley and elsewhere. Stricken by the Asian flu, the Nasdaq composite index last week slumped 6%. Electronics for Imaging, Qualcomm, Kulicke & Soffa, Lattice Semiconductor -- the list of Asia-related casualties continues to mount. But the carnage, in some cases, is irrational. Consider last week's 29% one-day drop in the shares of Oracle, which dominates the database software business. The tumble followed news of weaker-than-expected results for the quarter ended November 30. Oracle blamed the shortfall on a sharp slide in Asian demand, the strengthening dollar, and a drop in sales to U.S. telecommunciations companies. Asia, though, accounts for only 15% of Oracle's sales. Most of the analysts who follow the stock seemed convinced that Oracle's real problems involved weak sales of applications software, rather than the softening economies in the Pacific Rim. Bob Austrian, of NationsBanc Montgomery Securities, thinks part of the problem involves large companies reallocating dollars away from mainstream projects to deal with the Year 2000 problem. Cisco Systems, as it happens, last week warned about that very possibility in its latest 10-Q filing with the SEC.

To: tech who wrote (1590)	12/15/1997 9:22:00 PM
From: tech	Read Replies (2) \| Respond to of 3391

Agency Completion Dates: 2000 to 2019 Link: hotcoco.com Congressman Stephen Horn has released the projected completion dates for various U.S. government agencies, based on their present progress. Check out Defense. Check out Transportation, which includes the FAA. Who will be flying if the FAA isn't compliant? Then there is Treasury. Got some T-bills in your portfolio? * * * * * * * * Based on current rates of progress, these federal agencies report that computers performing "mission-critical" functions will be fully updated to recognize 2000 by: 2019: Energy Department 2019: Labor Department 2012: Defense Department 2010: Transportation Department 2010: Office of Personnel Management 2005: Agriculture Department 2004: Treasury Department 2002: General Services Administration 2001: Health and Human Services Department 2001: Justice Department Mid-2000: Education Department Mid-2000: Agency for International Development Mid-2000: Federal Emergency Management Agency Early 2000: National Air and Space Administration Air Travel Crippled as Traffic Control Computers Fail U.S. Nukes No Longer Can Find Targets, Pentagon Learns States Halt Disability Payments in Huge Records Tangle That bleak scenario could come to pass, Rep. Steven Horn, R-Lakewood, said Thursday, because many federal agencies are far behind in their efforts to remedy what computer programmers call the "millennium bug." Source: House Government Reform and Oversight Committee, subcommittee on government management, information and technology. Cox News Service