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To: jwk who wrote (12896)3/20/1998 6:18:00 AM
From: TokyoMex  Read Replies (2) | Respond to of 31646
 
All major law firms ,, in the US and UK are now gearing up for this,, LAtham Watkins, Debois ,, Scanlop and Aarpes,,etc firms with offices all over the world and army of lawyers in thousands are setting up shop,, they are looking for y2k specialists,, as I understand it.



To: jwk who wrote (12896)3/20/1998 11:25:00 AM
From: M. Frank Greiffenstein  Respond to of 31646
 
JWK, only the powerful law firms will get involved...

I wouldn't bother looking for publicly owned legal services companies such as PrePaid Legal. These companies deal with everyday mundane aspects of the law such as contracts, slip and fall, etc.

The lawfirms that will bring y2k suits against major corporations will be silk stocking outfits based in Washington, NYC, LA, etc.

You are much better off investing in companies that solve the problem, or who have already fixed their own problems. Alternatively, you can short stocks of companies that will be most affected by the computer bug. Bank stocks may not be the place to be in 1999. There is also a school of thought that enterprise software makers may take a hit (PeopleSoft, ORCL, Baan, etc). Oracle, sybase and others have already felt the pain of this. You can write off fixing of old computer code as an expense in the year it was incurred. You can only depreciate enterprise software over a long time period.

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