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Technology Stocks : 1999: RETURN OF THE YEAR 2000 (Y2K) STOCK -- Ignore unavailable to you. Want to Upgrade?

To: Runner who wrote (2)	11/17/1998 9:39:00 AM
From: NJ Investors	Respond to of 17

Check out GE's 10 Q and also Atena's 195 Million

To: Runner who wrote (2)	11/17/1998 3:05:00 PM
From: Wally Mastroly	Read Replies (1) \| Respond to of 17

Re: GE's Y2K costs - news.com

To: Runner who wrote (2)	11/17/1998 8:58:00 PM
From: Urlman	Read Replies (1) \| Respond to of 17

Sears may see up to $143 mln in Y2K costs Monday November 9, 11:09 am Eastern Time WASHINGTON, Nov 9 (Reuters) - Sears, Roebuck and Co, the second largest U.S. retailer, said on Monday it has spent $67 million so far to get its computers ready for the year 2000 changeover, but the cost could reach $143 million. The company's Y2K spending has included $41 million thus far on an accelerated, planned development of new information systems with ''improved business functionality'' to replace those that were not Year 2000 compliant, Sears said in its quarterly report filed with the Securities and Exchange Commission. That cost could rise to $80 million, the retailer said, adding that its information systems includes proprietary and third party computer systems and related hardware, software and data and telephone networks. In addition, Sears, headquartered in Hoffman Estates, Ill., has spent $26 million through October 3 out of an expected $63 million on other parts of its Y2K plan, which focuses on three areas -- information systems, business management and vendor relations. The company's year 2000 costs have been and and are expected to be funded with cash flows from operations, it said.

To: Runner who wrote (2)	11/19/1998 1:24:00 AM
From: stox19	Read Replies (2) \| Respond to of 17

Here is some more news beside the GE's cost. This sector is sure to be a winner if this stream of news continues. I think ALYD with it's Smart Code is poised to Gain from this: Robert Stansky, manager of the $73 billion Magellan Fund, told the Society of American Business Editors and Writers. "I'm truly scared about the year 2000. I'm glad the first of the year is on a Saturday [because the stock market will not be open]." He also expressed concern over corporate profits next year, because of costs related to fixing the Y2K problem. GE Pins Y2K Costs At $550 Million by Erich Luening "Efforts to cleanse its computer systems of the Year 2000 glitch will cost General Electric a hefty $550 million, according to a quarterly report filed with the Securities and Exchange Commission." news.com McDonald's To Spend $30 Million On Y2K by Reuters news.com Japan And Germany Face Huge Millennium Problem, Says Expert "Power cuts, water stoppages, transport disruptions -- even minor food shortages -- as well as interruptions to government and financial services could all be triggered by a high dependency on electronic systems in both countries. Highlights of the Gartner Study: - Japan and Germany as having a 50% chance of significant systems failure. - US, Britain and Australia are among the best prepared, with a 15% chance of failure. - Russia and China are the two countries facing the most widespread danger. - Two-thirds of firms in sectors like healthcare, education, construction and food processing are likely to face the failure of at least one critical processing function after Jan 1, 2000. - Power, water, transport and law enforcement services face a 50% risk of disruption worldwide. - If 5% to 10% of the world's bank payments systems stopped working on Jan 1, 2000, it would cause a global liquidity crisis. - Litigation costs could top US$1 trillion. jaring.my Mansour

To: Runner who wrote (2)	11/21/1998 7:57:00 PM
From: Urlman	Respond to of 17

Thursday November 19 5:17 AM ET Class Action Y2K Suit - (DOTHAN) -- Houston County's Circuit Court will apparently be the battlefield in what may be the first lawsuit filed against a ''Y-two-K'' computer glitch. The suit was filed by plaintiff lawyer Jere Beasley of Montgomery, and accuses Equitrac of Atlanta of failing to live up to a maintenance contract with its customers. Equitrac's contracts extend beyond the year 2000, when many computers are expected to fail to recognize the turn of the millennium and either stop... or reset their internal calendars to 1900. The lawsuit accuses Equitrac of refusing to provide free, or low cost upgrades to its customers.