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

To: John Mansfield who wrote (1030)	2/7/1998 2:51:00 AM
From: John Mansfield	Read Replies (2) \| Respond to of 9818

SEC Staff legal bulletin on y2k - revision of 1/12/1998 I am not sure if this has been posted before; so just to make sure. sec.gov 'Staff Legal Bulletin No. 5 (CF/IM) Revised January 12, 1998 Action: ÿ Publication of Divisions of Corporation Finance and Investment Management Staff Legal Bulletin Summary: ÿ The Divisions remind public operating companies, investment advisers, and investment companies to consider their disclosure obligations relating to anticipated costs, problems and uncertainties associated with the Year 2000 issue. This Bulletin, originally issued on October 8, 1997, is revised to provide more specific guidance under the existing Commission rules and regulations due to the importance of the Year 2000 issue and some uncertainty expressed by members of the accounting and legal professions regarding what should be disclosed.1 Supplementary Information: ÿ This legal bulletin represents the Divisions' staff views. This bulletin is not a rule, regulation, or statement of the Securities and Exchange Commission. Further, the Commission has not approved or disapproved its content. <snip> The following is a discussion of certain requirements. Management's Discussion and Analysis of Financial Condition and Results of Operations Companies should include disclosure in their "Management's Discussion and Analysis of Financial Condition and Results of Operations" 4 if: the cost of addressing the Year 2000 issue is a material event or uncertainty that would cause reported financial information not to be necessarily indicative of future operating results or financial condition, or the costs or the consequences of incomplete or untimely resolution of their Year 2000 issue represent a known material event or uncertainty that is reasonably expected to affect their future financial results, or cause their reported financial information not to be necessarily indicative of future operating results or future financial condition. ' <snip>