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Technology Stocks : Orbital science (ORB) -- Ignore unavailable to you. Want to Upgrade?


To: Angelo J Cici who wrote (843)2/4/1998 8:29:00 AM
From: Mohan Marette  Respond to of 2394
 
ORBI short interest.
Item Ticker Company Name Month Shares Short Avg Daily Volume S/A* Remark
1 ORBI ÿ ORBITAL SCIENCES 01/98 1,854,023 640,760 2.89 ÿ
12/97 1,739,447 234,575 7.42 ÿ
11/97 1,882,933 322,551 5.84 ÿ
10/97 2,177,287 460,015 4.73 ÿ
* S/A = Shares Short / Avg Daily Volume; it may be used as a rough measure of days to cover.



To: Angelo J Cici who wrote (843)2/4/1998 10:20:00 AM
From: Bill Tessaro  Read Replies (1) | Respond to of 2394
 
Angelo,

Actually Y2K compliance is typically a software problem. For example old COBOL programs (running on the mainframes you mentioned) often coded the year as two digits (1998 --> 98). The math used in the program often didn't handle negative results (indicating post-2000 years). The bad things happening from this cover a broad spectrum. In fact I think SI has a Y2K thread where companies jockeying for $$ to solve this are discussed.



To: Angelo J Cici who wrote (843)2/4/1998 3:17:00 PM
From: jgibbs  Read Replies (1) | Respond to of 2394
 
I spoke to Investors Relations at ORBI this morning about the company's status re y2k. The lady said the company has been aware of the problem for a long time, that they were sensitive to it and were on top of it. Apparently the relative newness of the company makes the problem a lot easier to resolve. At least she was familiar with the problem - many IR people are not. However, she did not know what I was talking about when I mentioned possible date-sensitive embedded systems in ORBI products.

I tried to reach Elaine Mohar, the ORBI person responsible for MIS and, therefore, y2k to get specific answers regarding the company's y2k status. I was unable to reach her since she is constantly on the move. If anyone reaches her for whatever reason, please ask her.

As many of you know, the problem is world-wide with Europe and especially Asia way behind in addressing it. Some economists here are predicting a recession or worse because of it and one can only speculate on the fallout from Asia if the problem remains unresolved there. The bottom line of many companies will be impacted negatively because of it starting probably this quarter.

The US government is giving increasing attention to the matter since computers at the IRS, Soc. Sec., Dept of Defense, FAA, and countless other departments are involved. Today, the president finally addressed the problem. Below is a post about it from CKHouston from the y2k board:

"BREAKING NEWS: President Clinton to Sign Executive Order Appointing Y2K Czar and Creating President's Council on the Year 2000 Problem

"Our sources tell us that tomorrow President Clinton will announce the formation of a President's Council on Y2K headed by John Koskinen out of the Office of Management & Budget. Check back regularly at Westergaard Year 2000 for the latest developments.

y2ktimebomb.com

Back in November '97, Tony Keyes called for the appointment of a Y2K Czar in his House Testimony. Looks like they're FINALLY doing it!"

There are many sites and stock boards relating to the y2k problem for those of you unfamiliar with it. Below are a few sites. I've deleted many others from my machine since they have been cluttering up my bookmarks.

gartner4.gartnerweb.com
year2000.com
207.183.153.206
207.183.153.206
year2000.com

The TPRO thread is one of the best IMO in reference to embedded systems though it has more than its share of silly posts. They also have a TPRO Research Board which is much better, but I have lost the URL.

207.183.153.206

Regards
JimG