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To: E. Graphs who wrote (34020)	1/2/1999 7:24:00 PM
From: Paul Angell	Respond to of 95453

I notice McDonalds is not going to be ready for Y2K. Don't tell me - you order 2 Quarterpounders with cheese and large fries at the drive-thru, and when you get home you find an arch deluxe and a big mac with no fries - give me a break they do that already!

To: E. Graphs who wrote (34020)	1/2/1999 8:00:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

Y2K gives 2 opportunities imho... 1. A possible buying opportunity if we get people pulling cash out of the market in anticipation of a Y2K crisis. I could see the funds taking profits in the late fall; in anticipation of the individual investors pulling out funds. Again; next December may offer a great buying opportunity. 2. If the Energy Sector is affected by a Y2K crisis it looks to primarily shut down production. If this happens in the Gulf States and/or with the Intnl Majors, or pipelines; it will move Oil & Natural Gas prices up. The most intelligent info that I've read states most companies in the Financial & Services sectors will be Y2K compliant; but the Industrial Sector seems to be taking a fix it as it occurs approach. One example was an Industrial Company with thousands of chips controlling numerous functions. This company literally did not know if these chips would, or would not function. There surprisingly seems to be no simple pre-diagnostic answers/solutions for numerous companies. Evidently, it is not as simple of knowing what specific ''chip'' or software programs one has and then knowing if that specific chip or software system is compliant. The interaction between numerous systems seems to be an unknown. This particular company would face millions of $ in expenses if it just replaced chips and systems. They are going to take a fix it as it occurs approach due to the disinct possibility that only 10-20% of systems may fail and to replace their entire systems would not be cost effective. Y2K is not an area of expertise of mine; I have little technical knowledge in this area. However; it appears that we may have a tremendous over-reaction to the ''potential'' problem and that in itself may offer some interesting opportunities. The one area where I do believe it will be a problem; is that it will negatively affect many large companies who have vastly under-estimated the cost of addressing the problem, or replacing systems. It seems the companies falling into this area are the large financial and service oriented companies. We could see a large amount of companies miss earnings estimates due to cost over-runs in addressing Y2K later this year. All in all; I will be looking to take advantage of irrational selloffs in anticipation of a Y2K crisis. It will be very interesting to see how much hype arises as we get close to year 2000. *** I now have 24'' of standing snow, 36'' drifts and 8''-10'' of more snow expected tomorrow... The Lake Effect snowfall from this Lake Michigan Storm is going to be a big one... also; who said Natural Gas Inventories were glutted ? bloomberg.com PS - Where is Gameboy ?