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

To: C.K. Houston who wrote (9556)	2/18/1998 2:39:00 PM
From: Robert Morris	Respond to of 13949

Hi C.K., here is an article on the Y2K problem: From: The Jones Report Oct. 23, 1997 investor1.com Y-2 K " The Millenium Bug " Year 2000 problem, non event or cataclysmic, lets review the facts. The problem is so simple, many people refuse to believe the problem actually exists. The problem, when time puts this millenium to rest and begins the new millennium, many computers won't know what year or century it is. Crazy as it sounds, this is the problem. Why? The story begins back when computers started entering the world of business and governments, mid 1960's and early 1970's. The key punch era, and those key punch cards which only stored 80 characters of information, causing early programmers to shortcut the year date from 1967 to 67 saving a valuable 2 characters. Who knew this compromise would become the industry standard, or we would still be using old Legacy systems thirty years later. The problem occurs when 1999 becomes 2000 [ 99 to 00 ], telling the computer its now 1900 with all the associated headaches. That in a nutshell is the cause of the problem. Simple remedy, look at the lines of code containing the date calculation, correct and presto, problem solved, most programmers can do this fix in a flash. A solution? Hardly. The nub of the problem is twofold, sheer volume of code to be checked and testing the system after the corrections. Many modern businesses have between 10,000,000 and 250,000,000 lines of code to be checked at a cost of US $ 1.00 - 1.50 per line. Examples: Chase Manhattan Bank is budgeting $250, 000, 000, Merrill Lynch $200,000,000, Hertz Rent-A-Car $15,000,000 and these costs will have to be absorbed by the economy. This situation has drawn a line in time which is immutable. Time does not forgive deadlines. Be ready or face the consequences. continued..... investor1.com ---------------------------------------------------------------------- Other Y2K links: y2ktimebomb.com erols.com yourdon.com compinfo.co.uk year2000.com

To: C.K. Houston who wrote (9556)	2/18/1998 9:37:00 PM
From: paul e thomas	Read Replies (1) \| Respond to of 13949

CHERYL, TPRO has the best upside potential of any Y2K stock I am familar with.None the less the outlook is less certain than many others.As prima-facie evidence Jenkins in the Conference call was asked to comment on the current high and low estimates of 1.25 and .37$ per share for the June 99 fiscal year. This is in contrast to a typical 10-20% spread for other Y2K firms.Last year IMRS was able to provide pretty good guidance on the anticipated buildup of revenues.TPRO is earlier in the life cycle of their Y2K business.I had been hoping that the conference call would provide some longer term insight into the TPRO outlook.A number of Analyst questions was in this arena. I understand why they were not able to give much long term direction as even the short term outlook is fuzzy. Uncertainty is perceived as risk and will hold down prices. This is good for those willling to buy now as those wanting less risk will have to pay higher prices later on