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To: rudedog who wrote (54810)4/29/1998 9:47:00 PM
From: Francis Chow  Respond to of 186894
 
OK, here are the various selling prices, in the
same order as they appear in the original post:

$84, $83.93, $82.31, $75, $82.50, $82.50, $73.87 (Rock),
$75, $74.25.

Can anyone explain how the pricing works? One of
the founders of my company works with me, having
elected to remain in software development. She says
brokers will often phone her when they are trying to
put together a big block trade. The trade takes place
at the end of the day at the closing price, but the
advantage of this is that the price is not driven either
up or down by the large transaction. Is that how this
will work? Or are the prices above just guesstimates,
with the actual prices being what the market will offer?
Or are the prices above already locked in?



To: rudedog who wrote (54810)4/29/1998 10:10:00 PM
From: John Koligman  Read Replies (2) | Respond to of 186894
 
Thanks Rudedog - All the years I spent looking at MVS I/O code and how customers interface with it makes me pretty confident of my opinion. This stuff has been out there soooo long and is sooo complex that few 'younger' programmers know how it works, and lots of the older guys are retired. Just fixing Y2K legacy code at higher levels (Cobol as an example) for customers must be a nightmare. Most code was not documented well, few really know how it works, yet it is key to many enterprise computing tasks. The other thing I find amusing is what many at the PC level think is 'stable' OS code. I've heard of MVS shops that could run for 8 months without an IPL.....

John

PS - Do you remember the recent stories about the FAA's problems in replacing 308X driven radar systems? IBM has told the FAA that the 308X mainframes should be replaced before Y2K because IBM can no longer guaranty date integrity, one reason is that they no longer have any microcoders that worked on those machines and understand whats going on inside... <ggg> Guess that's why the FAA has hired retired IBM engineers and programmers to work on these systems.