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

To: Crandell Addington who wrote (1455)	10/9/1998 9:31:00 PM
From: Rick Voteau	Read Replies (1) \| Respond to of 1654

Crandell, I will be selling other stocks to buy more of Forecross because at this price, it is likely at least a four or 5 bagger by year end. Forecross presented at a Y2k show in Europe and Kim stayed for about a week after the show and I don't believe it was to see the European sights. For those of you not familiar with trade shows, when a CEO stays after a trade show it usually means that a few folks want to do business. This is my speculation from questions I asked so read into it what you wish. I know how I will read but my glass is still half full (even though it is a smaller glass). I liked the volume today. Big volume like that usually means a bottom. Let's see if I am right. Congratulations Crandell on having cash to buy at the bottom. How about a loan so I can buy more. By the way Crandell, I was in a meeting this week and called someone a top feeding minnow. Thanks for the term.

To: Crandell Addington who wrote (1455)	10/12/1998 9:36:00 PM
From: AD	Read Replies (1) \| Respond to of 1654

The Social Security Administration has 30,000,000 lines of code to fix. Four hundred programmers have been working on the problem since 1991, and had only fixed six million lines after five years of effort. The Washington Post The total cost of fixing the Y2K problem will be between $300 billion and $600 billion worldwide. The Gartner Group The total cost of Y2K repairs for the U.S. government is estimated to be $3.9 billion. Office of Management and Budget (OMB), who also warned the estimate might be 90% too low Worldwide economic damage of Y2K will reach $119 billion. When adding the cost of lawsuits, the total cost could be well over $1 trillion. Business Week The FAA has forty vintage IBM model 3083 mainframes. None are compliant and they cannot be made compliant because the people who designed them are either dead or retired. Announcement by IBM, the maker of the computers (the FAA says they can still make it… bizarre?) Up to 70% of businesses in Asia will fail outright or experience severe hardship. Phillip Dodd, a Unisys Y2K expert, as quoted in the Bangkok Post The potential for a deep global recession in 2000 is 70%. Dr. Edward Yardini, the chief economist of Deutsche Morgan Grenfell General Motors has over 100,000 suppliers worldwide, any one of which can bring their assembly line to a halt. 70% of Chief Information Officers of corporations in America believe their companies will not be compliant in time. The IRS has over 80,000,000 lines of computer code, running in 88,000 programs on 80 mainframe computers. By the end of 1997, they had fixed 2,000 programs, leaving 86,000 to go. The Washington Post The United States, with over half of all computer capacity and 60% of Internet assets, is the world's most technology-dependent country. -- GAO report, Sep 3, 1998 Finding and fixing all the Y2K-affected software will require over 700,000 person-years. Capers Jones, head of Software Productivity Research, a firm that tracks programmer productivity Over a billion embedded chips exist worldwide. An estimated 1% are susceptible to the Y2K bug. Unfortunately, many critical chips are in deep-sea drilling rigs, satellites, or other impossible-to-reach platforms. Most cars built since 1990 contain over 20 microprocessors. With just over 500 days left before the new millennium, only 15% of companies and government agencies expect to have their critical systems more than three-quarters tested and compliant for year 2000 by Jan. 1, 1999, according to a study released today by IT services firm Cap Gemini America. Information Week, August 1998 Only 11% of companies in the United States have begun looking at noncompliant chips (embedded systems). Gartner Group research report Eastern Europe, Russia, India, Pakistan, Southeast Asia, Japan, most of South America, most of the Middle East and central Africa all lag the United States by more than 12 months in their Y2K repairs Gartner Group analyst Lou Marcoccio in his Y2K status report 47% of U.S. companies have no answer to the question, 'What will happen when your embedded systems fail?' Gartner Group research report As of September 1998, only 23% of U.S. companies had evaluated the effect of Y2K on their supply chain (the interdependency factor…) Gartner Group research report 180 billion lines of software code will have to be screened worldwide. The Gartner Group

To: Crandell Addington who wrote (1455)	10/13/1998 11:54:00 PM
From: AD	Respond to of 1654

Projected Y2K Costs: City Governments Company Projected Future Costs Source Dayton City Commission $920,000.00 Dayton Daily News 2/27/97 New York City $100,000,000.00 USA Today 4/29/97 Fort Collins, Colorado $500,000.00 Reuters Financial Service 4/1/97 Memphis, Tennessee $12,000.00 The Commercial (Memphis, TN) 6/19/97 Cleveland, OH $2,000,000.00 Crain's Cleveland Business 8/4/97 Atlanta, Georgia $2,000,000.00 The Atlanta Journal 11/9/97 Chicago, IL $15,000,000.00 Chicago Tribune 10/16/97 Vancouver $11,000,000.00 The Vancouver Sun 11/15/97 Rolling Meadows, IL $250,000.00 Chicago Daily Herald 12/3/97 Fort Lauderdale, FL $1,000,000.00 Sun-Sentinel 1/4/98 Ottawa-Carleton $30,000,000.00 The Ottawa Citizen 1/27/98 Providence, MA $800,000.00 The Providence Journal-Bulletin 1/23/98 Denver, CO $25,000,000.00 Denver Business Journal 12/19/97 Calgary $1,500,000.00 The Ottawa Citizen City of St. Petersburg $1,500,000.00 St. Petersburg Times Corpus Christi, TX $8,000,000.00 Corpus Christi Caller Times Indianapolis $10,000,000.00 The Indianapolis Star TOTAL PROJECTED COSTS: $209,482,000.00

To: Crandell Addington who wrote (1455)	10/13/1998 11:59:00 PM
From: AD	Read Replies (2) \| Respond to of 1654

Projected Y2K Costs: Companies Company Projected Future Costs Source British Telecommunications Plc $200,000,000.00 Computergram International 1/22/97 American Airlines $100,000,000.00 Congressional Press Release 11/10/97 Depository Trust Co. $25,000,000.00 Operations Management 1/20/97 Madison Gas & Electric Co. $1,000,000.00 Capital Times 1/1/97 U. S. West $40,000,000.00 The Denver Post 2/7/97 USSA $75,000,000.00 Congressional Press Release 11/10/97 Disk/Trend $8,000.00 Business Journal - Portland 1/31/97 Federal Express $500,000,000.00 Broward Daily Business Review 3/21/97 ANZ Company $40,000,000.00 Deutsche Presse-Agentur 4/14/97 Bezeq $13,000,000.00 U.P.I 4/14/97 Hertz Corp. $15,000,000.00 10K 3/25/97 Air Products & Chemicals, Inc. $10,000,000.00 10K 12/18/96 Cinergy Corp. $12,000,000.00 10K 3/27/96 LG&E Energy Corp. $12,000,000.00 10K 3/28/97 Marshall & Ilsley Corp. $25,000,000.00 10K 3/7/97 Progressive Corp. $4,300,000.00 10K 3/31/97 Southern National Corp., North Carolina $7,000,000.00 10K 3/17/97 Southern New England Telephone Co. $15,000,000.00 10K 3/20/97 Crestar $5,000,000.00 Roanoke Times and World News 5/11/97 Electronic Data Systems Corp. $144,000,000.00 The Reuter Business Report 5/28/97 Norfolk Southern Corp. $10,000,000.00 Roanoke Times & World News 5/11/97 Singapore Telecom $21,000,000.00 The Straits Times 7/31/97 Tribune Co. $7,000,000.00 Editor & Publisher Magazine 8/23/97 Telecom $87,000,000.00 The Press 9/16/97 Picker International Inc. $31,000,000.00 Crain's Cleveland Business 10/6/97 Experian $25,000,000.00 Newsbytes 9/24/97 AT&T $500,000,000.00 Texas Lawyer 11/10/97 Dayton Hudson $14,000,000.00 Supermarket News 10/27/97 GTE $150,000,000.00 Congressional Press Release 11/10/97 MCI $150,000,000.00 Texas Lawyer 11/10/97 Sabre $40,000,000.00 The Dallas Morning News 10/16/97 Telstra Corp. $500,000,000.00 AAP Newsfeed 11/6/97 DHL Worldwide Express $25,000,000.00 Computergram International 12/1/97 Advanced Marketing Services, San Diego $500,000.00 BP Report 12/8/97 CSX Corp. $40,000,000.00 The Tennessean 1/4/98 Ames Department Stores Inc. $2,000,000.00 Reuters FirstEnergy Corp. $72,000,000.00 Crain's Cleveland Business Domtar $5,000,000.00 The Ottawa Citizen Amoco Corp. $100,000,000.00 Atlanta Business Chronicle KeyCorp $40,000,000.00 Crain's Cleveland Business American Greetings Corp. $35,000,000.00 Crain's Cleveland Business First Commercial Corp. of Little Rock $10,000,000.00 Business Dateline; Arkansas Business Wal-Mart Stores Inc. $22,000,000.00 Business Dateline; Arkansas Business Unilever $500,000,000.00 Journal of Commerce Ottawa-Carleton Regional Transit Commission $4,600,000.00 The Ottawa Citizen BCE Inc. $450,000,000.00 The Gazette Hydro-Quebec $60,000,000.00 The Gazette Bell Helicopter Textron Canada $1,100,000.00 The Gazette Raymond James & Associates $5,000,000.00 St. Petersburg Times Florida Power $10,000,000.00 St. Petersburg Times Reuters $200,000,000.00 Daily Mail Georgia-Pacific $55,000,000.00 Atlanta Journal Constitution Ameritech Corp. $200,000,000.00 Reuters Bell Atlantic Corporation $300,000,000.00 Richmond Times Dispatch Dominion Resources $150,000,000.00 Richmond Times Dispatch TOTAL PROJECTED COSTS: $5,065,508,000.00