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Gold/Mining/Energy : XON - Exxon Corp. -- Ignore unavailable to you. Want to Upgrade?

To: Wes Stevens who wrote (195)	11/18/1998 11:32:00 PM
From: denise v.	Read Replies (1) \| Respond to of 242

Thanks, Wes, I also have a sizable sum invested in Exxon. I believe in the company. It's the first stock I ever bought. After the Valdez incident, I spent what was then to me a whopping sum, $50, and bought...one share. Over the years I have bought hundreds more and think the company is incredibly well managed. They should put something on their web site that addresses their preparations, so that investors like me don't spaz out over lack of information on this critical issue.

To: Wes Stevens who wrote (195)	11/18/1998 11:50:00 PM
From: denise v.	Respond to of 242

All: Thanks for the info on Exxon versus Y2k. It sounds like Exxon will win. If anyone is interested in a good place to go to get unbiased daily news reports from around the world regarding Y2k, go to www.yourdon.com. Look down in the text for "Y2k resources" and click on it, then on that page click on "Sangers Review of the Millennium." It's really quite fascinating reading the articles, and they are updated daily. Denise

To: Wes Stevens who wrote (195)	11/21/1998 11:52:00 AM
From: Brumar89	Read Replies (1) \| Respond to of 242

Wes, while I'm sure that XON will be sure it's internal systems are Y2K compliant, how about the utility companies that their facilities depend on and etc.? No company is an island. Eveyone is dependent on utility, transportation, communications systems controlled by other organizations. Every company depends also on it's suppliers of goods and services and, most importantly, on it's customers. The modern economy is an inter-connected and mutually dependent web of systems. In Exxon's case, the situation is complicated even further by the fact that Exxon is a worldwide company that makes a majority of their sales and earns a majority of their profits overseas. So they are dependent upon utility, transportation, communications, financial webs and suppliers and customers in Europe, the U.S. and Canada, Japan, and to a lesser extent almost every other part of the world. From what I read, the U.S. is way ahead of everyone else in addressing this problem. I hope the Y2K problem is vastly overstated. But if it isn't, I think we shouldn't assume that any particular company is "safe" because it's own inhouse systems are compliant. Having posted the above, I will tell you that I also have a good chunk of IRA money in XON and frankly, I'm currently just crossing my fingers and hopiong for the best but have some nagging worries. Any ideas on protecting one's positions? Sometimes I wonder about the prudence of using gold as a hedge.