Follow the money - nothing else matters : LUSENET : TimeBomb 2000 (Y2000) : One Thread

Any questions?

-- Jelly Bean (, January 30, 1999


Yes, your point? I don't see how it applies to the article. Thanks.

-- Brooks (, January 30, 1999.

Interesting indeed. RE: Cheap Foods shutting down, I noticed that Supervalu Inc.'s CEO (among others) will be attending the Senate hearing on Feb. 5th. I wonder if the hearing transcript will get posted on the web?

HotLink for Jelly's article above

HotLink for Hearing Info

-- Other Lisa (, January 30, 1999.

I did get a kick out of de Jaeger's waffling though...

-- Arlin H. Adams (, January 30, 1999.

My point, Brooks, is summed up in this statement from the article:

The year 2000 problem is taking a severe financial toll, with some companies claiming that related costs drove them out of business and others blaming them for disappointing earnings results.

Whether or not you think Y2k will have a technical impact, the financial impact is already being seen. And these companies represent only a snowflake on the tip of the proverbial iceberg.

-- Jelly Bean (, January 31, 1999.

Thanks Jelly. When I hear the phrase "follow the money", I think of Watergate's Deep Throat, follow the money to find out who is behind it all. I gather that is not the context you had in mind. I, too, expect Y2K remediation to have significant economic impacts, but the earnings reports to date appear, on the whole, exceptionally strong. Perhaps some of that is bookkeeping maneuvers, delaying expensing or whatever. Or the fact that such a high percentage of remediation is still ahead of us.

-- Brooks (, January 31, 1999.

Tis is an apt title for remediation as well. Check the 10Q ratios of budgeted to spent and graph over the last year. A lot of companies will be done by 2004 (especially utilities) if they keep the current pace.

-- RD. ->H (, January 31, 1999.

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