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

To: John Mansfield who wrote (1196)	3/15/1998 2:50:00 PM
From: Eski	Respond to of 9818

So the question I ask is don't we expect sometime in the near future when the public takes this Y2K news more serious that our Stock Market will take a serious crash when investor fear and panic sets in.?? We could be looking at a MAJOR CRASH like never seen before in the history of the Dow Jones. If so do any of you folks have any timeframes. Thanks Eski

To: John Mansfield who wrote (1196)	3/16/1998 11:37:00 AM
From: John Mansfield	Respond to of 9818

Calling all companies: ASX wants the bug picture 'By Emma Connors Australia's 1,200 listed companies will be forced to reveal publicly their plans to fix the 2000 computer bug by the end of the financial year under changes to Australian Stock Exchange listing rules. This profit reporting season has uncovered $1.38 billion in spending on the 2000 problem by some of Australia's largest companies in the banking, aviation and retail sectors. But the ASX is not content with disclosures to date and will send a circular to all listed companies in the next two weeks requesting detailed information on their plans to correct the so-called millennium bug. These reports, which must be filed by June 30, will then be made publicly available by the ASX. "We believe it is essential that those who deal with these companies have some idea of their state of readiness for year 2000," saidthe ASX's managing director, Mr Richard Humphry. Companies will be required to supply the ASX with information on: When corrective work on the 2000 problem began or is planned to start. Whether or not special projects have been set up to correct the bug. Who heads these projects and the senior executives to whom they report. The extent to which their computer systems might be affected by those of third parties, including suppliers, business partners and remote facilities.Information on the cost of the 2000 remediation is to be included if company directors believe this qualifies as a material cost under the corporations law.' afr.com.au