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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (19153)	1/5/1999 8:35:00 PM
From: Lachesis Atropos	Read Replies (1) \| Respond to of 68070

Just an opinion on y2k. Companies are looking for other companies to test for y2k compliance and sign off on the compliance. Rumor has it that MCI WorldCom is in negotiations with EDS and IBM. MCI WorldCom is seeking a company that will issue an insurance policy against the FCC's $50,000 per incident fine of y2k related issues. (Per incident could mean each billable transaction--a telephone call.) It looked to EDS for this. EDS has declined the challenge. Negotiations are being conducted with IBM. This is I believe will be the scenario governing y2k. Companies with exposure to y2k related catastrophes are going to seek other companies to provide insurance. These companies can then be held accountable for any y2k related catastrophes that occur. Companies to look for to gain from y2k would be those willing to provide y2k insurance. Then after 2000 look for those who have failed to provide y2k insurance. These will fall. Companies providing y2k services have completed their cycle. What to look for are those who will step up to the plate and state that they will take the hit if a y2k issue occurs. Lachesis