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

To: Jeffrey S. Mitchell who wrote (8644)	1/2/1998 12:47:00 AM
From: Runner	Respond to of 13949

Jeff, I watched part of CNN's report-interview too. Robert was stressing it was "almost" solved, and we humans are very adaptable creatures anyway. He was the one who said any company who had not already kept up their IT Dept's the last 5 years or so and had to spend 50 million or so now, should be shorted and did not deserve to survive anyway. What a heartless cold fish! If we have a worldwide recession/depression I hope he is the first one in the streets with his furniture and no food. Mr. Yardini did not try to sound the end of the world scenerio, but he got many good points across. Prediction---Tomorrow is a good day for Y-2000 Stocks!

To: Jeffrey S. Mitchell who wrote (8644)	1/2/1998 7:07:00 AM
From: Gerald Underwood	Read Replies (1) \| Respond to of 13949

<<Then I heard that "other" guy on Moneyline (Robert MacManus or something) say if you hear any companies saying they are spending millions on fixing their Y2K problem, short their stocks". Ummm... if that's the prevailing wisdom then no company in their right mind is going to say squat about their Y2K situation until it's finished. Jeff, I don't think there is going to be much choice when SEC mandate for company reporting of y2k risk assessement starts to kick in. Companies might well be in better shape to get this disclosure out before their investing public in contract announcements with major y2k remediation oursourcing firms to establish a proactive position. Gerry

To: Jeffrey S. Mitchell who wrote (8644)	1/2/1998 11:13:00 AM
From: ThirdEye	Read Replies (1) \| Respond to of 13949

If large companies are forced to report their Y2K spending by the SEC, and since McManus recommended shorting companies that report spending large $$ for the fix, wouldn't that be a recipe for the recession that he said wouldn't happen? Hmmm.

To: Jeffrey S. Mitchell who wrote (8644)	1/2/1998 6:36:00 PM
From: Robert F. Newton	Respond to of 13949

RE: CNN Moneyline: Jeff: I saw the program and I think the point he was making regarding shorting stocks of companies who are way behind in compliance is a valid one. The Y2K problem is known and should have been properly budgeted for. Companies who are ignoring their problem will no doubt get hurt. The Street always likes to kick companies when they're down anyhow. It's probably a good question to ask companies you are invested in regarding their Y2K strategy. It there is none; I'd sell the issue immediately................ Reminds me of the old saying: You can pay me now or you can pay me later...................Later may be in spades