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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (18432)	3/17/1999 3:59:00 PM
From: Moonray	Read Replies (1) \| Respond to of 22053

I bid 23&cent: Hayes Public Auction Set For Tomorrow Newsbytes - March 16, 1999: 7:04 p.m. ET SAN CARLOS, CALIFORNIA, U.S.A. (NB) -- By Ian Stokell, Newsbytes. Assets of one of the great names in the computing industry, Hayes Microcomputer Products Inc., are set to go on the auction block Wednesday, March 17 and 18, in the company's ongoing spiral into bankruptcy liquidation. The United States Bankruptcy Court appointed Emerald Asset Management LLC to conduct a two-day public auction of the Hayes' headquarters facilities in Norcross, Ga. Hayes filed voluntary petitions under Chapter 11 of the US Bankruptcy Code on October 9, 1998. Emerald says the two-day auction event features: Automatic Insertion, Manufacturing Equipment, Large Scale Testers, Optical Inspection, Electronic Test and Measurement, Personal Computers, Executive Office Furnishings, and Facility Equipment. Emerald's Web site builds the auction as "complete liquidation" of "corporate headquarters, manufacturing, research and development and warehouse facilities" plus "over $24 million at cost inventory and parts offering." Products listed up for auction range from Fuji CP-IV, CP-III and CP-II Chip Shooters, to MPM Ultraprint Automatic ScreenPrinters, to Electrovert Econpak Plus EPK+400/F and Sensbey LGC-400FM wave solder machines, to Hewlett Packard 3070 Series II In-Circuit board testers, to Cyberoptics Laser Section microscopes, all the way down to hundreds of PCs and notebooks. A company spokesperson told Newsbytes that the auction is a "live" event only at Hayes' Norcross, Ga., location, which means that, while more details are available from Emerald's Web site, interested parties cannot make bids online. As reported previously by Newsbytes, Hayes dominated the modem market in the 1980s, when compatibility with standards set by Hayes defined modems. However, the company ran into trouble in the 1990s, and in 1996 was forced to file for protection under Chapter 11 of the Bankruptcy Act for the first time. When Hayes filed for Chapter 11 protection for the second time last fall, company spokespeople told Newsbytes that Hayes ran into trouble because its sales failed to keep up with its research and development spending. Emerald Asset Management is on the Web at eamllc.com o~~~ O

To: David Lawrence who wrote (18432)	3/23/1999 10:11:00 AM
From: Moonray	Read Replies (1) \| Respond to of 22053

NJ Seeks To Recover From Y2K Glitch Associated Press - Posted at 2:49 a.m. PST Tuesday, March 23, 1999 TRENTON, N.J. (AP) -- A Y2K computer glitch delivered a windfall to 194,000 New Jersey welfare recipients whose accounts were accidentally credited with millions of dollars in food assistance allotments. A test Sunday to determine whether a state welfare computer was protected from the so-called millennium bug caused the error, said Ed Rogan, a spokesman for the state Department of Human Services. Officials weren't sure how the April 1 benefits were made available. Grocery stores in Newark and elsewhere were crowded with people eager to take advantage of the error involving electronic benefits. All accounts were fixed by Monday afternoon, Rogan said. As much as $58 million may have been involved. The New York Times today reported that the unexpected credits totaled $30 million. Howard Rubin, a Hunter College professor familiar with Y2K problems, called the incident the ''biggest visible occurrence of Y2K impact on the public.'' State officials must next decide whether to penalize welfare recipients who cashed in and used their benefits 1 1/2 weeks early. ''The program is regulated by the federal government, so we can't make any decisions on that unilaterally,'' Rogan said. o~~~ O