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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: Cheeky Kid who wrote (3559)	2/2/1999 12:41:00 AM
From: C.K. Houston	Respond to of 9818

Cheeky Kid, The General Motors CIO used "catastrophic" in terms of situation on plant floor at least 2 times (maybe 3) ... in the article, as it related to the plant floor in APRIL '98. Possibly they first tested and realized there was a problem in early '97. Maybe it took a year to understand the magnitude. Nonetheless, he was interviewed & quoted by FORTUNE MAGAZINE in APRIL '98. His "catastrophic" quotes related to situation around April '98. If you have a problem with what the GM CIO had to say ... READ the FORTUNE article ... and email HIM ... not me. I think an 8-page FORTUNE article on manufacturing problems has a lot more credibility the 1-page "Business Wire" press release you referenced. Actually, I'm happy that "GM Business Wire" release came out. If anyone's interested to see how truth is being manipulated ... read (and print out)the Apr '98 FORTUNE article ... then read the BUSINESS WIRE article ... then check Yardeni's site for most recent GM disclosure re Y2K. Reporters don't seem to do ANY investigation these days. Wasn't hard to catch. *Maybe GM released this paid* BUSINESS WIRE release to reassure stockholders since they purchased all of these risky Japanese notes? Who knows? GMAC TO BUY BAD LOANS IN JAPAN - Could total 1 trillion yen** Message 7590268 Cheryl