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

To: sibe who wrote (10201)	3/17/1998 9:47:00 PM
From: RikRichter	Respond to of 13949

It's Tool Time! biz.yahoo.com

To: sibe who wrote (10201)	3/18/1998 6:01:00 AM
From: R. Bond	Respond to of 13949

Wall Street Journal, March 18, 1998 Banks Worry Year 2000 Woes May Lead to Rise in Bad Loans By RICK BROOKS >>Some of the nation's largest banks, already racing to upgrade their own computer systems to meet the year 2000 deadline, are acknowledging an added worry: Problem loans may well rise if some borrowers fail to upgrade their computers in time.<< >>BankAmerica Corp., the fifth-largest U.S. bank, said it "expects that there may be increases in problem loans and credit losses in future years" if some borrowers, most notably businesses, fail to keep their computer systems running when the calendar changes to 2000.<< >>Bankers Trust New York Corp., which has begun surveying major borrowers to determine whether they can meet the year 2000 deadline, said it doesn't know if those customers will be ready and, as a result, can't rule out "a material adverse effect" on the bank.<< >>While no one is pressing the panic button yet...........<< >>Some analysts warn, though, that it will be difficult for banks to determine whether borrowers are upgrading their computer systems properly, which could cause some surprises.<< >> "We have no idea of the potential losses related to year 2000 credit risk," said Michael Mayo, bank analyst at Credit Suisse First Boston.<< >>Some lenders, including First Union and Wachovia Corp., also said they are turning away applicants that can't present a solid plan for upgrading their computer systems.<< Copyright c 1998 Dow Jones & Company, Inc. All Rights Reserved.