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To: Jeffrey S. Mitchell who wrote (9410)	1/13/1999 8:37:00 AM
From: Grashopper	Respond to of 10786

Jeff; you have no idea how good it is to hear from you because it means SI is working. Secondly your logic is impeccable as indicated by the fact that i purchased alyd stock yesterday. Also i do think we think along different paths with a different starting point as a basis. The foundation for my logic is that you cannot make good deals with Bad people. Since public figures i.e. politicians, football coaches, or ceo's of nasdaq cos are normally not people we have personal contact with; we therefore judge them by their actions or our perception of their actions.This is our only barometer to measure them by. We do not have the benefit of the personal day to day contact we have wiyh our wives and good friends. The first no no of what i call a public figure is lying or the perception of lying(i.e. Clinton) Once you lose credibility; you have a big problem that is difficult to erase. Secondly ; if this person who fibs is also running the co. like a absolute monarch and has a "tin ear" to what the street appears to associate with good mgmt. ;then the street will shun him and he might as well go private becuse even good earnings aren't going to give his stock price a moonshot on the public mkt. place. The opposite of what we are talking about is cych whose ceo was just on Rukhyser and cfo ju st on cnbc. So what you are talking about is the logic of y2k & economics and what i am talking about is that men or people run companies and people can and do shoot themselves in the foot. Now our ceo is not stupid andf maybe can learn....maybe???

To: Jeffrey S. Mitchell who wrote (9410)	1/13/1999 8:32:00 PM
From: MACA	Respond to of 10786

Swiss Re America chief pessimistic on Y2K outlook NEW YORK, Jan 13 (Reuters) - The head of Swiss Re America said Wednesday she was concerned the United States was not prepared to cope with the Year 2000 computer bug, warning of potential harm to the nation's economy and civil order. Swiss Re America Chief Executive Heidi Hutter, speaking at an insurance industry conference on Wednesday, said she believes the federal government has not done enough to make sure the nation's critical power, phone and banking systems function properly when the new year arrives. ''I am on the side of people who are significantly concerned about the potential for harm to the economy,'' Hutter said. She said a breakdown of such critical systems could lead to civil disorder. ''It's not hard to get into a scenario where you could be extremely concerned,'' she said. The Year 2000 or Y2K problem stems from an old programming shortcut that resulted in many computers being unable to recognise the date change of the new century. If left uncorrected, some computers could view the year 2000 as 1900, generating errors or system crashes. As for the insurance industry's potential for losses on claims, she said she believes most insurance policies do not cover problems stemming from the millennium bug. However, she said, she expects lawyers to actively seek coverage for claims. She said she believes it is important for the insurance industry to stand united on this issue on legal challenges, noting that a divided front resulted in major problems on disputes over coverage for asbestos and environmental claims. Swiss Re America is a unit of Swiss Reinsurance Co (RUKZn.S). 16:34 01-13-99 JEFF IT LOOKS LIKE IT'S GOING TO HAPPEN VERY SOON BEFORE IT HITS THE FAN, WHEN IT DOES BACKUP THE TRUCK.