Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : PSFT - 1997 Outlook [closed thread] -- Ignore unavailable to you. Want to Upgrade?

To: MU Lation who wrote (937)	3/26/1998 7:32:00 AM
From: John Carragher	Read Replies (1) \| Respond to of 940

U.S. MULTINATIONALS barely begin to prepare for the dawning of the euro. Even though Europe is set to unite under a single currency next January, many U.S. companies still aren't dealing with conversion needs, says Michael Fenollosa, an economist at John Hancock Mutual Life Insurance Co. in Boston. "They may be underestimating the euro," he adds. Even McDonald's Corp., which is preparing for the need to reprice menus and refit cash registers in Europe, says "there are many unknowns." The bookkeeping, payroll, database and computer-system changes that will be needed to do business in Europe may signal a boon for software firms. Mark Nittler, an executive at PEOPLESOFT Inc., a software-maker in Pleasanton, Calif., expects the euro to spur software-system sales much as has the year-2000 problem. International Business Machines Corp., one of the first to prepare, says many of its products are now "euro-ready," and plans call for the rest to be ready by year end. U.S. technology firms hope to profit on sales and consulting here and abroad.