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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: sibe who wrote (918)	1/18/1998 10:28:00 AM
From: Josef Svejk	Respond to of 9818

Humble thanks, Sibe, for answering my question, if the Money article mentions embedded systems: There is slight mention of embedded systems in the Money (Feb 98) magazine article: "The good news is that probably only 5% of these embedded chips are date-sensitive and thus subject to Y2K failure, according to Giga Information Grouup in Cambridge, Mass. The bad news: There will be an estimated 25 billion chips at work on the planet on Jan. 1, 1999." Topics of the article include: Your investments: "You need to know how firms whose stocks or bonds you own are confronting Y2K." Your broker or mutual fund Your bank or credit union Your credit cards Your insurance Your Social Security and Medicare Your Taxes Your Computer Your Home (From Sibe: Again, no mention on investing in Y2k companies.) From: Message 3197478 I've seen the 25 billion figure in private communications and on various web sites many times, but I believe this is the first time it is mentioned in print. A start . . . Svejk (GL-15 applies: digiserve.com ;-)

To: sibe who wrote (918)	1/18/1998 12:24:00 PM
From: Josef Svejk	Read Replies (1) \| Respond to of 9818

Humbly report, All, Norm recounts a real life embedded systems y2k failure in a power plant: Message 3197810 Svejk (GL-15 applies: digiserve.com ;-)

To: sibe who wrote (918)	1/18/1998 5:14:00 PM
From: sibe	Read Replies (1) \| Respond to of 9818

More on Money magazine (Feb 98) Y2k article: "Edward Yardeni predicts that as Y2K-related earnings uncertainties and possibilities of a recession become more widely recognized, stocks will begin a slide of 20%, perhaps as early as this year--and that the Fed will respond by lowering interest rates to 3% by 2000, making annual returns of 20% or more likely in the bond market over the next two years." "The Standish Group International estimates that U.S. companies will spend a total of $440 billion on Y2k problems." In the April 97 issue of Money magazine, investment adviser Junius Ellis says to sell Y2k stocks for the following reasons: "My computer-hip sources contend that it's (the Y2k problem) is overblown. They say many bank and insurance computers that must deal with post-2000 dates have fixed the problem. For those that didn't, it's probably more cost-effective to upgrade to an open operating system...than to repair Cobol." What a difference 10 months makes. I wonder what Money magazine will be reporting 10 months from now.