The Y2K problem frankly is going to be seen in the developed countries. The emerging markets are going to be in much better shape than the U.S., Japan or the European countries.

Y2k is going to be a very large problem, ... Hewlett-Packard is at the end of the train announcing this.

Y2K could lead to real problems,

The cat's out of the bag here with IBM. It's going to affect more than IBM, because Y2K is a concern and it's going to affect many different sectors of the market. And analysts have already switched from just looking at earnings to quality of earnings.

We believe we are Y2K compliant; this is just a precaution.

More of a problem with Y2K relates to medium- and small-sized companies that don't have the savvy or the money to fix the problem.