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

To: ThirdEye who wrote (11060)	4/18/1998 4:58:00 AM
From: JDN	Read Replies (1) \| Respond to of 13949

Dear Taoman: Not a tough call for me. Attorneys do NOTHING to enhance shareholder value and their extensive litigous ways have reduced shareholder value throughout the spectrum of stocks. I dont even mean the "class action" suits which benefit ONLY the attorneys but all the defensive means Corporations are forced to take every day to avoid suits all of which either cost money or cost lost opportunities. I once was CFO of a Public Company with an Attorney on the Board. I can assure you there were MANY opportunities we had and rejected as he always brought up the possibility of suit if we failed. As to you comment on finding and correcting Y2K problems. Any company that I would want to own has management smart enough to realize its a problem and it must be fixed timely to compete effectively. JDN

To: ThirdEye who wrote (11060)	4/18/1998 10:43:00 AM
From: Jeffrey S. Mitchell	Respond to of 13949

Re: More info on exempting software vendors from Y2K liability Taoman, consider this: If this bill does not pass, imagine what might happen to the share price of companies who were frivolously sued. Would anyone want to own stock in software vendors with that risk? From Integration Management magazine: ===== ...On the legal front: In Sacramento, Calif., a group of business, high-tech and manufacturing organizations formed The Year 2000 Legal Coalition, which will fight frivolous lawsuits that seek to exploit Y2K issues. Its first major initiative is to support an assembly bill (AB 1710) in California that will make it more difficult for plaintiffs to sue for Y2K-related issues. The bill will exempt software firms or related computer companies from Y2K lawsuits claiming fraud, negligence or unfair business practices if vendors adhere to some basic mitigating principles. Companies would be protected if they aggressively inform customers of updates and methods to make programs and systems Y2K compliant, and if they offer free compliant updates of their off-the-shelf software. The coalition estimates that the eventual cost of settling potential suits is as high as $600 billion. Link: 204.134.221.30:8898/ows-bin/owa/im_pak.imdecode?link=644 - Jeff