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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: wooden ships who wrote (5194)	5/27/1998 12:36:00 PM
From: Investor2	Read Replies (1) \| Respond to of 42834

Re: Y2k "Friday May 22, 4:04 pm Eastern Time Company Press Release SOURCE: Diebold, Incorporated Diebold Adjusts Second Quarter Expectations NORTH CANTON, Ohio, May 22 /PRNewswire/ -- Diebold, Incorporated (NYSE: DBD - news), announced today that earnings for its second quarter, which ends June 30, 1998, will probably lag behind those of the same period last year. Diebold earned $0.44 per share (diluted) in the second quarter of 1997. Analysts' estimates for the quarter currently range from $0.49 to $0.50. Industry-wide banking trends such as bank mega-mergers, as well as technological issues surrounding the year 2000 are having a near-term impact on Diebold's business. The company is currently re-evaluating its 1998 business plans and cost structure in a move that could result in a restructuring charge." Yesterday, Diebold stock lost about one-quarter of it's value. Best wishes, I2

To: wooden ships who wrote (5194)	5/27/1998 12:49:00 PM
From: Trebor	Read Replies (1) \| Respond to of 42834

IMO, the Y2K problem is somewhere south of Gary North's doomsday prediction and somewhere north of Bob B's view that it is no big deal. I just read that Chrysler will spend $50 million this year on Y2k remediation, Ford will spend at least that much and GM will spend up to $500 million. Even for GM, $500 million is not pocket change; the money has to come from somewhere and that makes it an investor issue. The link for the story on Y2K and the auto industry is: spokane.net

To: wooden ships who wrote (5194)	5/28/1998 11:19:00 AM
From: Trebor	Read Replies (1) \| Respond to of 42834

Another interesting twist to the Y2K problem is that government workers qualified to fix government computers are apparently fleeing for the private sector. This from a Y2K newsletter site: "It is getting increasingly difficult to keep relevant expertise in government IT departments. According to one vendor, the private sector recruiters are in a feeding frenzy. Just as governments are getting more aware of the problem and making progress, the employees essential to Y2K success are hemorrhaging away to the higher-paying private sector. One computer programmer told me she was leaving government this summer because she didn't want to be "some politician's scapegoat when this comes down on our heads." She noted that her department was being asked to add embedded chips and contingency planning to their workload. She added, "Lord, none of us know about that stuff!" The full story is at: y2ktimebomb.com