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To: Enigma who wrote (15124)8/1/1998 5:22:00 PM
From: John Mansfield  Read Replies (1) | Respond to of 116767
 
OT - 'Securities and Exchange Commission Chairman Arthur Levitt Jr. will take
the unusual step of sending letters to the chief executives of 10,000 public
U.S. corporations in the next week urging them to file more meaningful
statements about the costs and risks they face in fixing the year 2000
computer glitch.
...

"If investors don't have information on a company's readiness, long-term
confidence can be seriously undermined," Levitt said. "Panic and
overreaction can ensue, rippling through our economy and disrupting
business at all levels."
...

washingtonpost.com