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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: C.K. Houston who wrote (1484)	4/24/1998 2:39:00 PM
From: Dusty	Read Replies (1) \| Respond to of 9818

C.K. I have never been one to shout FIRE in a crowded theater but, I have a lot of real concerns about what effect it will have on our ability to buy and SELL our stocks and tend to other important financial matters. Will there be brokerage houses that will still be able to carry on business if you hold your certificated in hand? I am really concerned about this. The IRS, Social In-Security and Welfare programs can be flushed and we would all be better off for it. But when you think the about the banks and financial houses going under ... well it gets scarey. I would like to see some meaningful discussion on this topic on this thread. Dusty

To: C.K. Houston who wrote (1484)	4/25/1998 6:38:00 AM
From: R. Bond	Read Replies (2) \| Respond to of 9818

Senator Roth Seeks Added Funds for IRS Year 2000Fix April 24, 1998 Dow Jones Newswires WASHINGTON -- Concerned about the Internal Revenue Service's ability to upgrade computer systems before the year 2000, one lawmaker is seeking an additional $50 million or more for the agency. 'My understanding is that the IRS requires an additional $63.2 million in fiscal year 1998 to upgrade their computer systems to address the year 2000 problem,' said Senate Finance Committee chairman William Roth, R-Del. The IRS will need another $36.6 million in fiscal 1999 to continue retooling its computers to recognize the year 2000, Roth added. In an April 23 letter to Senate Appropriations Committee chairman Ted Stevens, R-Al., Roth requested $50 million of funds that he understands has been appropriated for the IRS since fiscal 1993, but never spent. 'I appreciate your willingness to look into this funding matter and urge that these additional monies be made available to the IRS as soon as possible,' Roth wrote. Like other organizations, the IRS is working furiously to revamp its computers to recognize the year 2000. Many older systems use two digits to identify years, which could wreak havoc when the century ends, as computers may interpret '00' as 1900, not 2000. Roth said the IRS is 'working diligently' on the job, but added that he is concerned whether it has sufficient resources to finish the task. -Judith Burns; 202-862-9285 Copyright c 1998 Dow Jones & Company, Inc. All Rights Reserved.