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Technology Stocks | Y2K (Year 2000) Stocks: An Investment Discussion

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To: Steve Woas who wrote (12010)	6/21/1998 9:18:00 PM
From: Jeffrey S. Mitchell	of 13949

The invention, which has been welcomed by Gwynneth Flower, head of the government's Action 2000 campaign, is designed to detect the millennium bug in the billions of embedded systems hidden away in buildings around the world. I wonder if it could fit inside a Timex watch? [Sorry, FBN joke (gg)] Seriously, it would be great to have an easy way to find embedded chips, but what if you have to disassemble a complex machine to get at it? Assuming you can disassemble it, what if, after removing it, you find the company that made it went out of business? Assuming the company is still in business, what if they chip has to be custom programmed? Assuming you can custom program it, what if the surrounding chips must now also be redesigned or replaced? Assuming you can get all the surrounding chips to work with the new chip, what if the circuit board must be redesigned to accommodate them? Assuming the circuit board can be redesigned, what happens if the board now won't fit in the machine? Assuming the new board fits in the machine, what happens if you find a bug when you test it? Assuming there are no bugs with the newly remediated machine, are there enough days between now at 1/1/2000 to assure you'll have enough time to find and fix each embedded system? Sorry, I don't think so. - Jeff

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To: DD™ who wrote (11987)	6/22/1998 10:52:00 AM
From: Josef Svejk	of 13949

Humble thanks, DD, for the links, and your kind words! Just got back from another trip, so please excuse my late reply. Like the Mad one and many others, I've smelled trouble ahead for quite some time, and have been mostly cash for a while. Unlike some, I do not believe y2k stocks valuations will go up if/when the market really tanks. Margin calls and such will impact all stocks, is my take. I've been searching for my y2k getaway, and found it! Have a verbal agreement to buy 80 acres of pristine wilderness with a 24 x 32 ft., 3/4 underground solar powered house, with a hand pump well and a sauna inside. Yes, it has a phone line. <g> It's incredible! Bears, cougars, wolves, eagles - heaven! By the way, for those that missed the beginning, FBNA started around here: #reply-2397812 . Yes, my master was one of the founding associates. ;-) Cheers, Svejk abitare.it

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To: Josef Svejk who wrote (12016)	6/22/1998 1:04:00 PM
From: ThirdEye	of 13949

EGNS***** Monday June 22, 8:50 am Eastern Time Company Press Release Year 2000 Wire/Egan Systems Named Prime Contractor by China Y2K Director HOLBROOK, N.Y.--(BUSINESS WIRE)--June 22, 1998--Egan Systems Inc. (OTC BB:EGNS - news) was named a prime contractor to help solve China's massive Year 2000 problems. The Director General of the Department of Computer & IT Advancement, China's highest-ranking Y2K official, will personally recommend Egan Systems in their August Y2K Preferred Vendor Directory. The Directory will be sent in July to over 300,000 identified Y2K government and state industry customers in China. The government will identify China's COBOL-based mainframe systems which Egan's Y2K tool suite can remediate. The program is being put on a fast track so that remediation and testing can be done immediately. Egan Systems is also being personally referred by the People's Bank of China to over 200 of China's top banks as a prime contractor for COBOL remediation problems. Egan Systems is projecting 400% sales growth in 1998, to about $4 million, with sales in 1999 to increase to over $10 million. Egan's potential China revenues have not been figured into these projections. The company is an 11 year old COBOL computer language supplier with customers on every continent. Egan Systems is public, fully reporting and is located in Holbrook with research and design facilities in Raleigh, N.C. More information can be found on the company's web site: www.egns.com. ''Safe Harbor'' Statement Under the Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Contact: Tedrow Communications Corp. Thomas Tedrow, 800/777-8098

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