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To: Captain Jack who wrote (8375)	1/6/1998 12:05:00 AM
From: S.C. Barnard	Respond to of 31646

They'll probably find out with a few accidents that didn't have to happen. Noone will likely be in the position of 'I told you so' too completely. I hate trying to get through to stubborn people, though that is not much of a problem, much of the time, for me. I personally have only 15% of our portfolio wrapped up in this, so far. It is just comfortable like this to me, who has such limited experience/understanding.

To: Captain Jack who wrote (8375)	1/6/1998 10:39:00 AM
From: Karl Drobnic	Read Replies (5) \| Respond to of 31646

John: Good point about companies with weak financials not wanting to reveal that they are spending on Y2K fixes. If such companies have a Moody's or S&P credit rating, revealing big sums going to Y2K remediation could quickly spark a new rating - "on credit watch with negative implications". That zinger usually results in an immediate hit to the stock price. Also, the company's cost of borrowing funds to do the fixes would rise, further weakening financials. The credit rating is financial hard ball. A downgrade can haunt a company for years. Big companies won't risk a credit downgrade if they are facing heavy borrowing for their Y2K fix, so they will want silence on the PR front.