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


To: gerald tseng who wrote (10335)3/21/1998 7:06:00 PM
From: Colin Christie  Read Replies (3) | Respond to of 13949
 
From Motorola's 10-K issued yesterday (Available at freeedgar.com -- search for MOT)...

..In the cautionary section:

"Unanticipated impact of Year 2000 issues, particularly the failure of
products from major suppliers to function properly in the Year 2000;"

That seems to be all I can find on the subject in the 10-K. Can anyone else find more details? If this is all there is, certainly doesn't seem to me to meet the SEC filing guidelines on Y2K!!!

I did find this in the 14A (proxy statement):

"Year 2000 Readiness: The Company has been aggressively addressing Year 2000 issues relating to the processing of date data at the turn of the century. A company-wide task force has been formed, milestones have been established, and detailed plans are actively being implemented so that Motorola research programs, products and internal computer, financial, manufacturing and other infrastructure systems are reviewed and the necessary changes made.

Additionally, Motorola customer and supplier relationships are being reviewed to assess and address their Year 2000 issues. Motorola is requesting assurances from its major suppliers that they are addressing this issue and that the products procured by Motorola will function properly in the Year 2000.

While Motorola's efforts to address Year 2000 issues will involve additional costs, the Company believes, based on currently available information, that it will be able to manage its total Year 2000 transition without any material adverse effect on the Company's future consolidated results of operations, liquidity and capital resources."

THAT's IT! ....comments?