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

To: sibe who wrote (9595)	2/22/1998 1:00:00 AM
From: sibe	Respond to of 13949

"Y2k Law Handbook": Buyer Beware! At Peter de Jager's year2000.com, there is a site for purchasing books. I ordered two copies of "Y2k Law Handbook" last July, 1997 and still have not received them. My check was cashed last July. I e-mailed the author twice and have received no response.

To: sibe who wrote (9595)	2/24/1998 8:04:00 PM
From: sibe	Respond to of 13949

From Barron's, Feb. 23, 98: In a recent report, Forrester Research asserts that large companies have underestimated by 25% the work required for Y2K assessment, repair, and testing.... Over the next 24 months, Forrester predicts, year-2000 service providers will be able to choose the work they want to do, increase prices--by 15% a year--and dictate contract terms.

To: sibe who wrote (9595)	2/27/1998 10:06:00 PM
From: sibe	Read Replies (1) \| Respond to of 13949

Y2k Strikes From the Grave From AP 02/27/98: "Here's another, little-known problem that will arrive with the year 2000: what to do with those prepaid gravestones that are already carved with a "19" where the year of the person's death goes. "The '19' is found mostly on companion stones, usually purchased when one spouse dies and the other wants to reserve the adjacent plot. The next two digits are supposed to be carved in when the person dies."

To: sibe who wrote (9595)	3/1/1998 9:19:00 AM
From: sibe	Read Replies (2) \| Respond to of 13949

Message 3563482 Citcorp to spend 600 million on y2k. Direct quote from the newly filed 10k: Citicorp recognizes that the arrival of the Year 2000 poses a unique worldwide challenge to the ability of all systems to recognize the date change from December 31, 1999 to January 1, 2000 and, like other companies, has assessed and is repairing its computer applications and business processes to provide for their continued functionality. An assessment of the readiness of external entities which it interfaces with, such as vendors, counterparties, customers, payment systems, and others, is ongoing. Citicorp expects that the principal costs will be those associated with the remediation and testing of its computer applications. This effort is under way across the corporation, and is following a process of inventory, scoping and analysis, modification, testing and certification, and implementation. A major portion of these costs will be met from existing resources through a reprioritization of technology development initiatives, with the remainder representing incremental costs. Citicorp does not anticipate that the related overall costs will be material to any single year. In total, Citicorp's global operations and technology organization estimates that its costs for the remediation and testing of computer applications will amount to approximately $600 million over the three-year period from 1997 through 1999, of which approximately $150 million was incurred in 1997.