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

To: Superhawk who wrote (9165)	1/25/1998 12:09:00 AM
From: Runner	Respond to of 13949

Banking and Y-2000 Heard a story on Radio today by a investment counselor. Eveyone in Philly was taken back by the sale of Core States Bank. He said the real reason was the Y-2000 problem the bank was unable, financially, to fix. It was more responsible to sell instead. He also said be prepared for more of the same. He warned there are problems ahead. I always consider this man conservative in his ideas.

To: Superhawk who wrote (9165)	1/25/1998 10:45:00 AM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 13949

Scott, at the Y2K conference I went to on Friday, one of the speakers, Dennis Grabowski, CEO of the Millennium Investment Corporation, said that we are about to see a whole new paradigm in the way companies are valuated-- by their exposure to Y2K. One of these days I'll transcribe my notes and post them, but I do recall he said the indirect Y2K costs are equally important. For example, if a company depends on a crucial material or service from a vendor with Y2K problems then they are equally at risk since no finished product equals no revenues. Sounds like the WSJ article echoes that sentiment. But until the SEC mandates Y2K disclosures (not just recommends them as they do now), good luck making such determinations! - Jeff