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To: Mark Madden who wrote (6846)	2/12/1999 3:41:00 AM
From: William Epstein	Read Replies (1) \| Respond to of 7841

Mark Madden; I was talking with a financial, corporate VP last night about the Y2K problem in her company. From what I can gather they must replace or update most of their proprietary software and about 85 PCs. They were budgeting today and will begin work next week. Their systems will be converted within a few months because all of their customers' systems will be converted and they must interface or they can't do business. I suspect, that is going on everywhere right now. Corporate America will probably be ready before the second half so there should be some slowdown in the second half. It will still be a busy year. PHOTOMAN

To: Mark Madden who wrote (6846)	2/12/1999 9:33:00 AM
From: Joe Dancy	Read Replies (1) \| Respond to of 7841

I talked to a VP and portfolio manager at Northern Trust about the Y2K slowdown issue - and he said that a lot of large firms will delay orders in the third and fourth quarter - why tie new equipment into a system that you have tested and Y2K compliant? I argued that a lot of small guys and late comers will buy to replace to avoid Y2K, and he argued that the small players coming to replace will not make up for the large firms who have a freeze. He then went on to tell me how many computers Northern Trust will not order in the third and fourth quarter due to the problem. I'm of mixed opinion now - I really think sales of PC's will chug along - maybe stabilize for a quarter or two - but can't see a major impact either. Joe