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Technology Stocks : Information Architects (IARC): E-Commerce & EIP -- Ignore unavailable to you. Want to Upgrade?

To: Runner who wrote (8880)	11/19/1998 1:18:00 AM
From: stox19	Read Replies (2) \| Respond to of 10786

Runner, To pay an analyst. That's the best idea I have heard in a long time. Just get the coverage In time for all the Y2K related news hitting the press: 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