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To: Jack Zahran who wrote (23644)9/29/1998 6:10:00 PM
From: Phillip Kelly  Read Replies (1) | Respond to of 31646
 
KEA down $3, but this Senate bill should help with a little Tava PR.

Senate passes Y2K bill

By Margaret Kane
09/29/98 12:50:00 PM
ZDNet Related Stories Y2K lawsuits could drown consultants
Y2K bug litigation could hit $1 trillion in Florida
The U.S. Senate has passed a bill that would limit liability for companies reporting Year 2000 issues.
The bill, which will now go to the House of Representatives, was designed to encourage companies to disclose their Year 2000 problems and to discuss remedies with other companies, while protecting them from lawsuits.
The bill would not protect companies from lawsuits arising from non-compliant products or services, said an aide to Sen. Patrick Leahy (D-Vt.), who is one of the bill's sponsors.
Could this bill help ease some of the Y2K problems? Add your comments to the bottom of this page.

Matter will be expedited
While there are several similar bills in the House, the House Judiciary Committee has agreed to take up the Senate bill in order to expedite the matter.
Leahy's aide said that he expects the bill to be taken up by the full House before it adjourns.

"This is a high priority for both the House and the Senate as well as the administration," he said.

The bill also calls for the creation of a national Year 2000 Web site aimed at helping consumers, small businesses and local governments find information about Year 2000 issues.




To: Jack Zahran who wrote (23644)9/30/1998 12:16:00 AM
From: Captain Jack  Read Replies (1) | Respond to of 31646
 
Jack,,, please explain your def of "tank". From nearly 14 to under 5 seems like the septic to me. Good thing you are "not looking at everyday movement" as it has been down (see Baldys post above). Look at the core business' history. Without Y2K they would be around 1 1/2 at this time with losses continuing. Hopefully they will not need to "clean up their books" again but post Y2K it is possible. WITH Y2K the est is $.76. Some are already just hoping for $.70. They have a habit of missing estimate most of the time. Post Y2K there is IMO little chance of coming close to the + side unless riding Y2K profits. Post Y2K they will be fortunate to do 1/2 the .70 suggested unless Y2K profits are wisely used and thus far have made so little they would have a hard time buying a McDonalds franchise in a major city... The street will not GIVE them a good P/E, it will have to be earned or be lucky to get out of single digits. Damn it is hard to say it looks rosy down the road unless some corners are turned...