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To: James Strauss who wrote (19932)7/2/1998 1:41:00 PM
From: Starfish*  Read Replies (1) | Respond to of 31646
 
Jim,
You don't have to take physical delivery of the certificates to prevent them from being shorted. Stock in an IRA account or Cash account cannot be borrowed for shorting, only in a margin account, because the stock is technically not yours, because it is put up for collateral..
Also many have a misconception about what a short squeeze is all about. In fact, it occurs when the lender of the shares has to ask them to be returned because of a shortage of shares. The borrower of course, is then FORCED to cover.



To: James Strauss who wrote (19932)7/2/1998 2:07:00 PM
From: WR  Read Replies (1) | Respond to of 31646
 
To All,

Green light for Y2K work

The 800 stockbrokers, investment banks, mutual funds and other members of the Securities Industry Association can cooperate and ...

year2000.com



To: James Strauss who wrote (19932)7/2/1998 2:12:00 PM
From: John Mansfield  Respond to of 31646
 
'...Not many organizations are at the point where they are ready to remedy embedded systems, since they are still scouring through software code. But it is a necessary step in the Y2K compliance process for a corporation. "If facilities can't function--fax machines, LANs which interface to WANs--if those things don't work, then communication is impacted and it becomes the infrastructure that cripples the organization," Daniel says.
....

zdnet.com



To: James Strauss who wrote (19932)7/2/1998 2:14:00 PM
From: John Mansfield  Read Replies (1) | Respond to of 31646
 
'the real ticking time bombs'

'But he's not, mostly because there are so many things that are out of his control: specifically, the embedded chips that reside within mainframes, servers, power grids and telephone circuit switches, to name a few.

These embedded microprocessors, Neuzil would argue, are the real ticking time bombs, not the software programs. "The embedded chips are made from different manufacturers around the world," says Neuzil, senior vice president of the Production Systems Division at The Options Clearing Corp., in Chicago. "We don't know where they are coming from, and we can't look at the code on the chip."

As a result, the first shot of even knowing where these microchip land mines lie in an organization will come on Jan. 1, 2000. Therefore, OCC has lined up two disaster recovery sites, the company is accepting power feeds from two separate grids, and it is buying digital cell phones that double as walkie-talkies. . .
...

zdnet.com