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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (13439)	12/28/1998 3:22:00 PM
From: P. Ramamoorthy	Read Replies (2) \| Respond to of 13949

According to a New York City attorney, active in the y2k lawsuit, about 30-40 y2k-lawsuits are pending now, more will begin next year. These lawsuits will last until 2010 or so. Most impact will be on 3 businesses:(1) Banking and financial sector (2) Utilities and (3) software companies. Lawsuits will start with these companies, these companies will in turn sue their suppliers, and they will in turn sue their sources. The behavior of "embedded systems" is unpredictable. Three elevators manufactured by the same company (three consecutive serial numbers) were tested using a year 2000 simulator. One elevator worked correctly. The second went up and did not come down. The third did not work. The embedded chips could have come from lots. So the story unfolds... Ram