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To: Karl Drobnic who wrote (29523)3/12/1999 10:37:00 PM
From: Captain Jack  Read Replies (1) | Respond to of 31646
 
NEW YORK, March 12 (Reuters) - Pepsi Bottling Group Inc.
said it will spend about $56 million to address millennium bug
issues, and it does not foresee significant disruption to its
operations, according to regulatory filings.

Pepsi Bottling, which has filed for a 100 million-share stock offering as part of its spin-off from
PepsiCo Inc. (NYSE:PEP - news), said it spent $26 million on Year 2000 compliance in 1998 and
$7 million in 1997.

''We do not currently anticipate that we will experience a significant disruption to our business as a
result of the Year 2000 issue,'' Pepsi Bottling said in an amended filing with the U.S. Securities and
Exchange Commission on its initial public offering.

PepsiCo has said it expects to spend about $130 million between 1998 and 2000 on millennium
compliance issues. Coca-Cola Co. (NYSE:KO - news) said it plans to spend $130 million to $160
million.

In contrast, General Motors Corp. (NYSE:GM - news) said Thursday it expected to spend as much
as $780 million to prepare its computer systems for 2000.

Pepsi Bottling said most of its exposure would be in production scheduling, inventory cost
accounting, purchasing, billing and payroll systems, but it expects to complete any corrective actions
by the end of the second quarter.

''Our most likely potential risk is a temporary inability of suppliers to provide supplies of raw
materials or of customers to pay on a timely basis,'' Pepsi Bottling said in the filing.

The company said it identified 150 key suppliers, examined their millennium compliance, and
identified 60 who present the greatest threat of disruption.

Pepsi Bottling said it could lower inventory or increase production at unaffected plants if it ran into
problems with suppliers, according to the filing.

The company said it has reassigned 160 employees to work on its Year 2000 compliance and has
hired International Business Machines Corp. (NYSE:IBM - news) to set testing strategy and
complete offsite remediation.



To: Karl Drobnic who wrote (29523)3/13/1999 8:16:00 AM
From: JDN  Respond to of 31646
 
Dear Karl and all: Here is the latest communication regarding Audioinvestor. I think it is self explanatory. JDN

John, Our price is right-free! (We make money off of advertising for the time being). Our goal, truly is to educate the investor. Mark Johnson, Joe Dancy, and I all believe that with the Internet, we individual investors can gain access to 90% of the info that professionals have.

And indeed an interview posted on the Internet is much better than a TV interview- it stays there for days for people to access-from anywhere in the world.

Our new Website Audioinvestor.com today posted the interview of Align-Rite's CEO, and the Manager of a major Mutual Fund. mr Jenkin's interview with Tava will go up next week along with an interview of a major medical stock newsletter editor. According to our Statistical Server, Newspapers from all over the US and Canada visit our site regularly.

So the timing of the posting of the Tava interview will be good. And Mr. Jenkins is very eloquent too.....

Of Audioinvestor.com please simply say "A Website dedicated to educating the individual investor". Editors are three veteran Internet Journalists- Mark Johnson of the Internet Financial Connection, Joe Dancy, Editor, and Doug Fant, Co-Editor of the Lonestar Growth Investor.

That should do it! Sincerely, Doug F.