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To: JDN who wrote (8238)1/2/1998 5:15:00 PM
From: E  Read Replies (1) | Respond to of 31646
 
Search me. Public awareness has only just started, so maybe most investors are still doing their DD, maybe others who have been aware for a couple of years of the problem think they're "selling on fact." I just made that stuff up, I am clueless. I wonder what TokyoMex and Skipard would think.....(?!)

I just came across the following:

Thursday January 1, 1:30 pm Eastern Time

Company Press Release

Year 2000 Expert Posts $10,000 Reward

PROVIDENCE, R.I.--(BUSINESS WIRE)--Jan. 1, 1998--During the debut of his new radio talk show, ''The Y2K Advisor'' Tony Keyes issued a challenge to his audience.

Keyes, author of The Year 2000 Computer Crisis, An Investor's Survival Guide offered a reward of $10,000 to the first person who can successfully debunk the Year 2000 Computer Problem. Keyes said, ''I want to dispel once and for all the myth that the century date change will be a non-problem for society. We have wasted far too much time debating whether or not Y2K is just market hype. I want to go on record, putting my money where my mouth is. We are now faced with an inevitable socioeconomic disaster, which will be felt around the world.''

Keyes and his co-host Ed Meagher have been trying to raise awareness, over the past year and a half, through their original, twice weekly radio program, which airs on WBZS AM730 in Washington, D.C. Their debut on
WALE AM990 represents a significant expansion of their listening audience, to include all of New England. Keyes' book, The Year 2000 Computer Crisis, An Investor's Survival Guide, predicts a socioeconomic catastrophe at the close of the century. ''The American people have been let down by their government, neglected by their financial institutions and lied to by the companies in which they have invested,'' Keyes said during the inaugural broadcast.

Keyes isn't the only financial analyst raising the alarm, he and Dr. Edward Yardeni, Chief Economist at Deutsche Morgan Grenfell, testified on Capital Hill the same day last month. During his testimony, Yardeni told the Senate Banking Committee, ''the Year 2000 problem is a very serious threat to the global economy. If the supply of information is disrupted, many economic activities will be impaired, if not entirely halted.''

With less than two years until the end of the century, programmers around the world are challenged to convert the majority of the world's computer systems and automated devices from using just two digits to represent the year. In the interest of efficiency, the original designers of computers economized by using the last two digits of the year, in the date field of a computer's program (i.e. mm/dd/yy). The problem being, that when the year rolls over to 2000, computers will believe its 1900.

Keyes' book and weekly radio programs are specifically dedicated to The Year 2000 Problem and its impact on the global economy. His book is available through local bookstores everywhere.

y2kinvestor.com

Contact:

The Y2K Investor Total Marketing Concepts Inc.
Tony Keyes Maureen Miller
301/924-6643 732/747-5786
301/924-0853 FAX 732/576-8768 FAX
tkeyes@y2kinvestor.com MaureenMiller@compuserve.com



To: JDN who wrote (8238)1/2/1998 5:28:00 PM
From: M. Frank Greiffenstein  Read Replies (2) | Respond to of 31646
 
Today's y2k investment wrap-up...

It was indeed a strange day for y2k stocks, JDN. Here is my take:

Alot of profit taking in the y2k systems integrators. Two factors converged to create the selloff in this subgroup: A number of them broke through to new highs last Wednesday, and the start of a new tax year. The stocks with the biggest drops were precisely those with the new all time highs: KEA, CHRZ, IMRS and ISLI. People who bought into these stocks when they had lost 30-40% of their value had nice profits rung up in under 2 months, and I beleive those people waited until today to defer profits to 1998. Frankly speaking, I was going to be one of those sellers, but I was away from my quote system until about 11 A.M., by which time the damage had been done! My profit in CHRZ for example was at 57% as of Friday. But I think this profit taking will be brief.

On the other hand, there was bargain shopping among the pure toolset makers. PTUS surged on no news that I could find. CRYSF and SEEC showed strength, and pathetic Zitel shot up today as well. I think that the growing public awareness of y2k resulted in this bargain shopping in the beaten down toolset makers. I think it was all retail.

Anyway, that's my take. I say profit taking will end by next mOnday morning. The January effect will kick in, and CHRZ and KEA will continue their rise.

DocStone