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

To: denise v. who wrote (196)	11/19/1998 7:25:00 AM
From: Eric Winkler	Read Replies (2) \| Respond to of 242

I've seen Y2K mentioned in every company's SEC Form 10-Q financials section. Appears that companies are compelled (legally required?) to disclose potential impact of Y2K issues on financial position. Agree that most large multinationals should not be greatly affected by problem. I would assume that most will do their homework to locate and resolve Y2K issues related to critical business and technical (e.g., process control) systems before the crunch. Of greater concern to me are federal and state systems; not sure they have sufficient resources to clean up problems. While guess I wouldn't mind the IRS systems cratering (maybe this would force them to throw out some of the crazy code), do think that air traffic control should receive appropriate level of scrutiny...! Note that some systems have dates that do significant "look ahead"; hence the need to fix early (Exxon's report states intent to fix all issues by YE1998). Thus, we may start seeing the effect of this issue well before stroke of midnight 2000. Should be entertaining year...