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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: rudedog who wrote (37727)	11/28/1998 12:23:00 PM
From: rupert1	Read Replies (1) \| Respond to of 97611

rudeog: Thanks for the explanation. There is an awful lot of propaganda swirling around the YK2 issue in the UK. The Prime Minister has been leading the charge to get compliance. But there is a lot of anxiety not only about the UK but about Europe where compliance is thought to be worse than in Britain. Symptomatic of this was a story the other day that a dyslexic schoolboy (15 years) who invented a software YK2 fix has just merged his company with another and their combined revenues are $12 million and rising. The problem of corporate budgeting for the fix is compounded by the introduction of the new euro which officially starts on 1st January, 1999 and the banks and financial markets open on 4th January, 1999. Britain is taking a wait and see attitude and won't join until about 2001. But there are about 14 other countries which will be ditching their currencies and adopting the euro. But many British retailers will accept the euro; most British companies will have to deal with its effects because they have suppliers or customers there: most foreign companies based in Britain and exporting to Europe and the world - such as many US tech companies, also have to deal with it. In reality, the UK will have to operate a dual system until it joins. As you may know, the London financial market is the largest in the world, eclipsing even New York. It is the financial capital of Europe. Frankfurt has been hoping to take financial leadership away from London on the basis that Frankfurt will be the lead market for the new euro bond. But it has virtually conceded defeat in agreeing to join its markets with the London, Milan and, possibly, the Paris markets. As you know Compaq will be providing the hardware (wish I knew who is doing the networking). BTW Tony Blair was the first British Prime Minister to address the Irish Parliament and afterwards he visited the constituency of the Irish PM: they were shown on TV at a school. Like Britain, Ireland is wiring all schools for the internet. The sponsor of this particular school's network, prominently displayed in all the TV shots, was DELL. This surprised me because DELL is not know over here to have a PR program. COMPAQ and Microsoft, Intel and Computer Associates are prominent. Victor