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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: jbIII who wrote (21003)	7/23/1998 9:02:00 PM
From: Yamakita	Read Replies (2) \| Respond to of 31646

The sky-is-falling Y2Kers are in serious denial. The nonevent of Dec 31, 1999 is enough a death-knell to fatally damage even the solvent Y2K stocks, but for ones like TAVA, who have pledged the wad to the likes of SIR, it is out and out insanity not to sell this stock while it sells above $1. From today's New York Times: Test Pushes Wall Street's Computers Into 2000 Without Mishaps By BARNABY J. FEDER Wall Street's 10-day-old project to test how its computers will cope with the transition to the new millennium moved forward yesterday to Jan. 3, 2000, the first trading day of the next century, with no major glitches. "It's gone much better than we anticipated," said John Panchery, Year 2000 project manager for the Securities Industry Association. Indeed, yesterday, as on the earlier days that simulated trading on Dec. 29,30, and 31, 1999, the only problems that cropped up involved miscommunication unrelated to the date between the various computers set up for the testing. The carefully scripted project, which began July 16, covers stocks, options, corporate and municipal bonds and securities known as unit investment trusts. Although the simulation is no more than a low-volume rehearsal for a much broader trading test next spring, computer experts around the world are scrutinizing the test because it involves 29 brokerage firms, all major stock exchanges and the corporations that clear and process trades for them. The $270 billion securities industry is the first to move beyond individual companies testing their own computers and programs toward testing conditions where computers link many different businesses. The participants have been looking for signs of electronic foul-ups that could occur if computers or programs running on them fail to recognize that the first days of the year 2000 come after the last days of 1999. The problem is a vestige of the once-common programming technique of using just two digits to refer to the year in dates -- 98 for this year, for example. Many programs do not recognize that 00, for the year 2000, or 01, for 2001, represent valid, later dates than the 99 they see for 1999. Year 2000 problems can result in inaccurately generated data, faulty calculations and computer shutdowns. In some cases, computers may function normally when confronted with a date in 2000 but fail to restart after being shut down. The testing is scheduled to continue with a simulation of Jan. 4, 2000, for mutual funds and Jan. 22, 2000, an options expiration date, but the test yesterday was considered the last big question mark by many of the participants in this preliminary round. Not only did it simulate the first day when trades will be entered in the new century, but it also covered the final step of the three-day clearing and settlement process for many trades initiated on the first day of testing. "People are feeling good," said Leslie Tortora, chief information officer and managing director at Goldman, Sachs & Company. "An enormous amount of energy and preparation has gone into making this successful." The trading systems tested this month are only some of many that will have to function well for Wall Street to sail smoothly into the new century, including those of businesses outside the industry that supply electricity, telecommunications and other essential services. Ms. Tortora said she hoped one of the benefits of the project would be to encourage a similar effort by telephone companies.

To: jbIII who wrote (21003)	7/23/1998 9:54:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 31646

John, The theory is that elavators are programmed to be maintained on a regular basis and when the date flips over they will likely descend to the bottom floor and the doors will open, remaining there until a maintenance type comes by and resets it. Nothing major, nothing life-threatening(due to inherent safety systems in modern elavators), just a real hassle. The Otis elevator in my building displays a 6 digit date on its status screen. Don't be fooled by this BS when someone trys to make elavators an example. I don't see a great lasting economic from malfunctioning elevators. But embedded systems in petro-chemical, utilities, manufacturing, and transportation create the potential for a cascade effect similiar to what two striking plants did to GM's operations in two weeks. And believe me that if the US is only now coming to terms with the potential problems with ES's, think about where Asia and Europe are. Folks like Yamakita and others that are in denial would have you believe that everything will be hunky dory in Y2K with little or now disruption. They imply these perspectives without providing a shred of evidence to substantiate that position. The next time someone tells that Y2K is nothing to sweat about, ask them upon what evidence (not innuendo) they base that opinion upon. There have already been several examples of embedded system failures, mainly due to leap-year problems. But in 2000, all of them will be flipping over at the same time and we'll all be left there to pick up the pieces. There will be work for TAVA in a post-2000 world, plenty of it. They will large enough to be a credible vendor to the mammoth corporate heavy weights. What some call hocking the family jewels, can also be called an investment in the future and the growth that will result. Regards, Ron