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

To: C.K. Houston who wrote (5901)	6/4/1999 11:05:00 AM
From: Ken Salaets	Respond to of 9818

Thanks, Cheryl. Good find. eom. Ken

To: C.K. Houston who wrote (5901)	6/4/1999 12:01:00 PM
From: C.K. Houston	Respond to of 9818

Regulators Criticized for Withholding Bank Y2K Ratings from Public ======================================================== Torrenzano, a former member of the management committee and chief spokesperson at the New York Stock Exchange, criticized regulators for refusing to make public its examinations of bank Y2K readiness. The conference, held in Williamsburg, Virginia, was attended by more than 500 top bank executives and regulators. ''Only 3.2 percent of the more than 10,000 insured banks were rated 'Needs Improvement' or 'Unsatisfactory,''' said Torrenzano. ''And that's great -- unless your money is in a bank that falls in that 3.2 percent. ... ''The money I have in the bank is there because I don't want to gamble with it, even though the odds are 97 to 3 in my favor. And shareholders also have the right to know how their banks have been rated." "They are the owners of the bank. They have invested in these bank stocks with the expectation that sound management practices will result in continued dividends and increased stock value. I wouldn't exactly call getting a sub-par Y2K rating sound management. If this is the case, the owners must be told,'' he said. Message 9957850 Cheryl

To: C.K. Houston who wrote (5901)	6/5/1999 6:43:00 AM
From: Christine Traut	Read Replies (3) \| Respond to of 9818

Cheryl: Must be serendipity. Today was the first time that I noticed anyone with the ear of Wall Street commenting on Microsoft's (lack of) Y2K preparation. < Murphy also confirmed that Microsoft [MSFT] '98 was not entirely Y2K compatible, but said the problem was not widely known because "what they're (Microsoft) worried about is, when you tell people to do an upgrade like that - download the patch and upgrade it - you get a million tech support calls." Murphy said the problem wasn't fatal and Microsoft notification of this wouldn't really be widely known "until we get toward October-November." To view the entire online interview visit stockhouse.com > Wonder when he is going to notice Windows 95, Internet Explorer,....and I don't think they are even committing to fix Windows 3.1 or some versions of DOS. Christine