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Technology Stocks : Forecross Corporation : Y/2000 -- Ignore unavailable to you. Want to Upgrade?

To: Mark Jurik who wrote (1445)	10/3/1998 7:26:00 PM
From: Ruyi	Respond to of 1654

Your assumptions that half of the monies budgeted by these 16 firms have been spent already may be incorrect. In as much that appears to be ample proof that a large % of companies will not start remediation until their 98 yr. ends close out(Sept 98).There also appears to be a movement away from both in house remediation(tool makers VIAS.etc.) or full service providers (KEA etc.)to the so called Y2K factory solutions.What % FRX will or is getting is any bodies guess.New tax laws very much favor remediation over replacement.I think if Y2K is only 20% as bad as forecasted factory solutions are the last hope out of this mess.

To: Mark Jurik who wrote (1445)	10/4/1998 10:49:00 PM
From: Ruyi	Respond to of 1654

Mark, As you are aware Merrill Lynch not long ago released a Y2K research report down playing the Y2K problem. Now it turns out, Merrill is a big loser in the LTC hedge fund crash ($2.8 billion apparently). I'm still wondering how much of that report was self-serving. Merrill, it appears, was heavily hedged with an interest to keep gold low and protect their hedged positions (contain panic). The report came out just about the same time Clinton made his first Y2K speech and other high profile Y2K news was breaking. The report appears to have had the effect of knocking Y2K stocks down creating an atmosphere of complacency in both gold and Y2K and allowing other stocks to rally. Merrill, as it later turned out, was also unwinding large equity positions (as they stated in a subsequent report) and was apparently shorting gold through LTC. Any thoughts?