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

To: Nanda who wrote (10786)	4/7/1998 11:11:00 AM
From: Risky Business	Read Replies (1) \| Respond to of 13949

NEW YORK -(Dow Jones)- Amid recent concerns on Wall Street about companies that develop software for correcting the so-called year 2000 computer problem, Computer Horizons Corp. Monday said it expects to meet or exceed analysts' earnings expectations. But that did little to calm some investors. Shares of Mountain Lakes, N.J.-based Computer Horizons (CHRZ) were off $3, or 6%, at $46 in Monday afternoon trading. Earlier in the day, the stock had been off as much as8%. The mean estimate of analysts surveyed by First Call was for first-quarter net income of around 27 cents a share. The company Monday said it is unaware of any reason that would cause the recent drop in its stock price and added that it expects its business to remain strong for the rest of this year. Viasoft Inc., another prominent developer of year 2000 software, Friday said it expects fiscal third-quarter results to fall short of analysts' expectations. Shares of Viasoft (VIAS) fell a staggering 34% in frenzied trading Friday and were off 8% at $16.50 in Monday afternoon trading. Viasoft's warning came a week after Peritus Software Services Inc. (PTUS), another developer of software for tackling the year 2000 problem, issued a bleak outlook. The two warnings ignited debate over whether the problems are company-specific or indicative of increased competition in the year 2000 market. Several other companies also market wares for enabling older computer systems to read dates beyond the year 1999. Accelr8 Technology Corp. (ACLY), Crystal Systems Solutions Ltd. (CRYSF), Intersolv Inc. (ISLI) and Seec Inc. (SEEC) also offer year 2000 software. The year 2000 problem, also called the millennium bug, refers to the inability of many older computer systems to read dates beyond 1999. Because many older computer systems treat years as two-digit numbers, they can't distinguish between centuries and will cause businesses, governments, banks and other organizations major problems in the year 2000. Without specialized reprogramming, systems will think the year 2000 - or 00 - is 1900. "It seems like all the Y2K companies are experiencing problems," Kama Krishna, an analyst at Laidlaw Global Securities, said last week. But he is not sure if it is a one-time blip or a more fundamental problem. Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved.