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To: JDN who wrote (8779)	1/12/1998 11:01:00 AM
From: Rob L.	Read Replies (1) \| Respond to of 31646

JDN, I received my annual report. What did you think of the proxy quetions regarding the issuance of more shares to pay for executive and employee bonus compensation. I realize this is cheaper than spending cash to pay employees, but it becomes more diultive if the company perpetually does this. Also, I never heard of their auditor. Does anyone know about them? Besided cost (unless that is the only reason), why aren't they using a major accounting firm? Using Anderson or Lybrand or Waterhouse would certainly give their financials more accountability. Rob

To: JDN who wrote (8779)	1/12/1998 2:39:00 PM
From: John Arnett	Read Replies (1) \| Respond to of 31646

JDN, Picked up Connecticut Post this morning and on front page was headline "PREVENTING 'MILLENNIUM MELTDOWN'...President urged to make year 2000 bug a priority. Dateline: Washington, DC Author: Peter Urban (e-mail at Nabrup@aol.com) Senator ChristopherDodd, D-Conn, has joined the chorus of lawmakers asking President Clinton to make fixing the "millennium bug" the government's highest priority. "The issue deserves far greater interest from the White House than it is getting." Dodd said, "Maybe we need a wake up call". "The President has really got to take a hold of this issue". A week ago, Rep. Constance A. Morella, R-Md., called on Clinton to issue an exceucitve order to make year 2000 repairs the "highest priority" for federal agencies. In the weekly Republican radio address, Morella also urged Clinton to appoint a senior administration official to direct government and private sector date-repair efforts. "To do otherwise puts the health, safety and welfare of every American at risk. Time is running out. We are facing an unforgiving deadline," Morella said. Article went on to describe some of the problems and OPM estimates of costs to fix. Felt this certainly would be positive for TPRO and looked at another paper, the Stamford Advocate and their business page headline was: YEAR 2000....FINANCIAL ARMAGEDDON ON THE WAY FOR COMPUTERS THAT CAN'T TELL TIME. This article quoted Joe Gottlieb, president of Meta Group Inc. and gave several examples of problems, particularly in computers and microprocessors that control the operation of machinery, equipment and processors. "Manufacturers' floor assembly lines are synchronized to the second. They could be befuddled by a glitch in the computer's year field". Bad news about year 2000 has boosted Meta's business. "We are in a situation now where our Y2K experts are overloaded and we are trying to hire more." Stamford based Gartner Group estimated the worldwide cost of correcting the glitch at $300 billion to $600 billion. A Dataquest survey said between 15 percent and 30 percent of North American workgroup respondents believe their communications systems, including voice mail, will require upgrades. Chase Manhattan Corp., the nation's biggest banking firm, expects to spend $250 million and American Airlines $100 million according to published reports. Costs to business could soar even higher it litigation arises from failure to solve the problem. "The lawyers will be busy with legal bills that pile up and could easily dwarf the expenses for software remediation," Gottlieb said. The SEC is providing additional guidance on what information publicly traded companies must disclose regarding the costs, problems and uncertainties involved in addressing year 2000 computer problems. The SEC is revising guidelines issued in October that reminded the nation's 12,000 public companies that they must disclose such information-if it is "material"- to an investor's ability to make an informed decision about whether to buy or sell company stock. Both of these papers publich in Fairfield County, CT....home to corporate headquarters of General Electric, Xerox, Pitney Bowes, Swiss Bank, etc. Also hopefully read by the commuters on their way to NYC and Wall St. Can't hurt TPRO and might bring more awareness to an area saturated with brokers.