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

To: bob oserin who wrote (9292)	2/2/1998 6:46:00 PM
From: Hardware Heister	Read Replies (2) \| Respond to of 13949

Dave, a Ms. McKay, Bear Stearns analyst, just now on CNBC, addressed the effect of y2k on bottom lines. Pointed out that remedial cost must be expensed. Therefore cost has a direct effect on net. She sees market not reflecting this until second-half. Someone neglected to tell Filene's Basement.. Filene's Basement Corp. (BSMT): The specialty-store chain said it expects an operating loss for its fiscal fourth quarter ending Jan. 31 because of a $7.6 million charge for ''Year 2000 Compliance'' and a $3.0 million charge. Filene's fell 1/8 to 4 11/32.

To: bob oserin who wrote (9292)	2/2/1998 10:09:00 PM
From: David Eddy	Read Replies (1) \| Respond to of 13949

Bob - Pointed out that remedial cost must be expensed. Therefore cost has a direct effect on net. She sees market not reflecting this until second-half. Hopefully this is NOT news that Y2K is a current period expense. Given our inane love affair for "performance" as shown in bogus financial numbers, it's been widely known that companies have been holding back on attacking Y2K because of what such unanticipated spending would do on the all holy bottom line... to say nothing of personal bonuses. <meow> - David