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

To: C.K. Houston who wrote (11397)	5/5/1998 11:46:00 PM
From: Philip H. Lee	Respond to of 13949

Dow 10,000 Gremlin May Trip Up Computers Excerpt: biz.yahoo.com ----- The problem is nowhere near the size and scope of the Year 2000 glitch, but some analysts are worrying that if the Dow Jones industrial average topped 10,000 (D 10 K), it could trigger some wild program trading. "This is a real and present threat," said Andy Kyte, a research analyst at the Gartner Group. With the Dow currently above 9,100, only four digits are required to express the number. But if it moved above 10,000, it would need a five-digit field. "Trading organizations face potential massive exposure if the Dow passes 10,000 and systems interpret that as 1,000 or 0," he wrote in a recent report. "Computer-based trading could interpret this as a catastrophic crash." He also said there is little evidence that firms are prepared to deal with the problem. Still, some analysts say the fears may be overdone, pointing out that the benchmark Standard & Poor's 500 Index easily rolled over the 1,000 mark on February 2, 1998. ----- Philip

To: C.K. Houston who wrote (11397)	5/6/1998 1:07:00 AM
From: Patrese	Respond to of 13949

Good Evening to All, Just got through hearing replay on Cisco conference call. CEO John Chambers stated that the wildcard in growth and earnings predictions is the Y2k Factor. He feels that the amount of resources needed to address the problem may affect spending on networking systems. Chambers stated the amount of resources needed (or diverted to Y2K) will become apparent by the end of calendar year 1998 and in 1999. Conference call replay# is 1-800-633-8284 ID# 3844759. Best Wishes, Patricia