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To: Rick Bullotta who wrote (17709)	5/27/1998 3:04:00 PM
From: John Mansfield	Read Replies (1) \| Respond to of 31646

<< If so, should we view lack of such an announcement as a point of concern? >> I have visited many web sites of large multinational companies. In general, little or nothing is stated regarding their general progress on Y2k remediation. Also the now mandatory (by the SEC) reports on Y2k (can be seen on www.yardeni.com) are in general reassuring / not very precise / lacking much detail. All in all, most large companies are very reluctant to state anything of real content regarding their y2k status (e.g. look at the 'leaked' report on UK railtrack that 40 non-y2k IT projects just have been axed. The company itself has not announced this; it was leaked somehow to the press). This posture will only change when the general public starts to get worried and starts to rally. This will take at least another 3 -6 months IMO. But I strongly feel that at that point we will see a massive trend-reversal: many companies will 'come out of the closet' so to speak; even if the news is not very good. That might be the time of the 'final y2k stock investment' wave (all other things being equal, i.e. SEA / inflation etc). John