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Technology Stocks : CBSI-complete bus. solutions. new y2k play! -- Ignore unavailable to you. Want to Upgrade?

To: Ron Kline who wrote (414)	10/23/1998 12:43:00 PM
From: Senor VS	Respond to of 506

Hi Ron I agree with you. The earnings figures does not look correct. I think there is something wrong with the datafeed from Reuters. Regards Ravi

To: Ron Kline who wrote (414)	10/23/1998 2:41:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 506

Ron: thanks for your input,I knew the earnings thing was a screw up as I have been watching the company for a while. I went over to the Yahoo thread a lot of folks who own the stock seems confused. Any how it all worked out nicely for me.Thanks again I am in.

To: Ron Kline who wrote (414)	10/23/1998 5:54:00 PM
From: TraderTerry	Read Replies (2) \| Respond to of 506

As for the PeopleSoft business, they did buy a Chicago based company - Synergy that dealt with that market. Last heard that business on that front was very good. Look for great earnings. Will beat estimates handsomely.

To: Ron Kline who wrote (414)	10/24/1998 9:39:00 AM
From: Mohan Marette	Respond to of 506

Ron, the strategy of CBSI not to heavily rely on Y2K is an excellent idea though it is still a healthy revenue source for the company at least for another 12-15 months.I think to rely on Y2K for a major source of income will be quite risky since relying on Y2K alone would have put the company in jeopardy once the Y2K business dry up in about a year or two.Great long term strategy indeed. But here is some information I picked up on Y2K issue that is facing the world. Source:Computers Today/India Today Excertps. The Global Nightmare Worldwide estimates of the Year 2000 problem are staggering. The Gartner Group quotes a price tag of $600 billion. That's about Rs 25,80,000 crore! Financial catastrophe or not, the Y2K knot is tightening--governments all over the world are sanctioning mega budgets for Y2K conversion. The US government has estimated the cost of its Y2K bill to be around $9.28 billion. According to Sally Katzen, director of the Office of Management and Budget for the President, who is in charge of overseeing millennium bug fixes in 24 federal agencies, half of the government's 77343 mission-critical computers have been made Y2K compliant. However, only 37 percent of these systems have been tested for compliance and put back online. The Securities and Exchange Commission (SEC) has drawn up guidelines to make sure that the exchanges, their members and agents are Y2K compliant. It conducted an initial "streetwide test" that proved that the financial community is already prepared for the next century. This test involved 29 Wall Street firms, major US stock markets, numerous clearing agents, and other market participants. Test participants sent mock orders dated December 29,1999 through January 3, 2000 to simulate trading during the date rollover. The hypothetical trading cycle was smooth--with only a few hiccups. Unlike the 'lets play safe' attitude of Indian insurance companies, the Insurance companies in US are providing protection from the Y2K snafus. For example, the J&H Marsh & McLennannn insurance company has a '2000 Secure' policy that covers wrongful acts, business interruption, contingent business interruption and the expense of setting up backups for back-office services. According to Logica, one of the UK's highest ranking systems consultancies, the millennium bug will cost the British industry a whooping $2.5 billion. The figure is based on the fact that there are more than 14 million PCs on corporate desks. However, recent reports reveal that only 20 percent of the companies are addressing the desktop problem, and of those only 30 percent are addressing the data where the real problems lie. In Australia, the focus of Y2K planning is contingency and disaster recovery planning. The government agencies are required to formally address business continuity from a 'year 2000' perspective and send a status report to the government regularly. The Canadian government began working on the Y2K challenge long before other countries did. It is ranked among the top four countries in the world in terms of Y2K efforts alongwith UK, US, and Australia. It has developed a two-tier approach: the Chief Information Officer Year 2000 Project monitors activity across federal departments and Task Force 2000 helps the Canadian industry in particular. According to sources, the average level of preparedness of 84 government departments and agencies is 44 percent. Similarly, large organisations are expected to have completed about 45 percent of their conversion work by the beginning of this year. The Y2K problem haunts all nations. So much so, a special international summit on the Year 2000 challenge being sponsored by organisations such as IBM, Compaq, Anderson Consulting, World Bank, etc. is being held in London next month. For the first time, major multilateral governmental organisations and business firms will get together and deliberate on issues pertaining to Y2K