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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: 45bday who wrote (13786)	3/4/1999 11:19:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 13949

Accelr8 Technology Earns $.01 per Share for Quarter Ending January 31, 1999 PR Newswire - March 04, 1999 06:15 DENVER, March 4 /PRNewswire/ -- Accelr8 Technology Corporation (Nasdaq: ACLY), the leading provider of Year 2000 conversion tools and legacy systems modernization solutions for the Digital Equipment Corporation (DEC-Compaq) market, announced earnings for the quarter ending January 1, 1999: Total revenues: $705,191 as of 1/31/99 vs $2,604,721 as of 1/31/98 Net income after tax: $69,722 as of 1/31/99 vs $1,138,498 as of 1/31/98 Earnings per share (diluted) $.01 as of 1/31/99 vs $.14 as of 1/31/98 The company's chairman, Thomas Geimer, acknowledged the difficult market environment for year 2000 tools, but said, "As 1999 progresses, CEOs and investors seem to be more concerned about the potential for business interruptions caused by year 2000 non-compliance." Geimer noted that quarter-to-quarter revenues are difficult to forecast, but the company anticipates a demand for easy to use multiple platform and language capable tools by corporations, government and services providers as shortages of qualified, affordable programmers push organizations towards higher productivity from existing resources. "The need to assess, fix and test large quantities of mission-critical applications code will force the need for user- friendly, efficient Y2K tools," Geimer said. While the company experienced decreases in product license revenue and consulting fees compared to a year ago, the quarterly results of $.01 per share as of January 1, 1999 reflected maintenance renewal of Y2K tools by many of last years' customers, thus supporting ongoing year 2000 efforts at these sites. Companies such as Ford Motor Co., Arrow Electronics, and Corning all received the latest release of Navig8 2000 as part of their purchases. New Y2K customers during the quarter included Tandem Computers, Maher Terminals, operator of the New York City Port Authority, Evolving Systems, NILS Publishing, division of ABC/Capital Communications group, and U.S. Department of Transportation. While systems modernization projects seemingly are being delayed until year 2000 efforts are completed, the Company sees evidence of migration tools and services being in demand by third-party software developers, such as Lordacs Software Inc., a provider of business management tools for residential and commercial contractors, as well as Union Carbide and Daimler Benz-Germany, that need to provide their solutions on NT and purchased Accelr8 tools and consulting for this purpose. The revenue from Digital (DEC-Compaq) Y2K factories was negligible this past quarter. However, Accelr8's announcement on 1/14/99 of Y2K services being available over the company's website has resulted in hundreds of inquiries from potentially qualified buyers of Y2K tools and services. No engagements have been finalized as of this date. Accelr8's IV&V solution, Navig8 2000 Enterprise, is in the final stages of evaluation by a large government contractor that intends to use NAVIG8 to support a contract with a large Federal agency. Other evaluations of Navig8 2000 Enterprise for IV&V are proceeding with positive results. The company continues to position its Y2K and legacy code modernization solutions as a means of maintaining account control to hardware venders such as Compaq and Sun Microsystems. Additionally, large systems integrators will ultimately consider deployment of tools to their services providers as a means of growing their outsourcing businesses. The company's website, www.accelr8.com, will offer the latest 10Q filing. This press release contains projections and other forward-looking statements regarding future events or future financial performance. These statements are only predictions and actual events or results may differ materially. Documents filed with the Securities and Exchange Commission contain and identify important factors that could cause the actual results to differ materially from those contained in projections or forward-looking statements. SOURCE Accelr8 Technology Corporation /CONTACT: Leigh Anne Sutton of Accelr8 Technology Corporation, 303-863-8088, leighanne.sutton@accelr8.com/ /Company News On-Call: prnewswire.com or fax, 800-758-5804, ext. 124139/ /Web site: accelr8.com

To: 45bday who wrote (13786)	3/4/1999 2:35:00 PM
From: JDN	Respond to of 13949

Dear Solution and all: Thanks to Clinton THIS is where the majority of the money will end up. Remember it when a few fat cat attorneys line their pockets at YOUR expense next year. JDN ** Y2K INVESTMENT WATCH: Once Again Clinton Democrats Line Up With the Lawyers Against High Tech America!!! Why is it that the Clinton administration and Democrats in general seem so often to line up with the vested interests of lawyers whose business it is to bring class action suits against corporations for failing to keep shareholders informed and now for prospective Y2K malpractice? It occurred again yesterday when the Senate Commerce Committee voted 11-to-9 favoring legislation backed by leading computer and software companies to delay Y2K lawsuits during a 90-day ''cooling-off'' period, cap punitive damages in ''Y2K'' cases, and limit the liability of company executives for failing to fix computers by Jan. 1, 2000. The bill is authored by John McCain, Arizona Republican. All nine votes against were Democrat. Dozens of industry groups support McCain's bill, including the Information Technology Association of America, which represents IBM, Microsoft, AT&T and 11,000 other high-tech companies. If approved by the full Senate and the House in its current form, McCain's bill would cap punitive damages to $250,000 for many businesses and limit the personal liability of corporate officers and directors to $100,000 in many cases. A House version would cap lawyers' fees in most Y2K cases to $1,000 an hour. Hmmm..... Hmmm..... $1,000 an hour??? Now, that's tough to take. Yes, of course one could argue that consumers need to be protected, but that's a matter of definition. WBN would argue that the true interests of the mass of consumers lies with resisting letting Y2K become a litigation pigpen with massive resources of as much as a trillion dollars being diverted from productive investment to lawyers with consumers in the end picking up the bill in the former of higher prices. The McCain bill would make it harder for plaintiffs to recover damages for ''economic losses'' stemming from Y2K problems, but the ultimate right to sue would remain. And let's agree, a thousand bucks an hour isn't exactly chopped liver???