CBS Evening News for Wednesday, Dec 30, 1987
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(Studio: Bob Schieffer) Report introduced.
(San Francisco, California: John Blackstone) Study regarding computer trading's role in New York City stock market crash noted. [Stk. exchange consultant Nicholas KATZENBACH - says computer trading by itself is not problem.] Study discussed. [Computer manufacturer Scott McNEALY - praises computers.] Experts quoted regarding primitive computers and stock market crash. [Computer program designer Sheldon BREINER - comments on computer programming limitations.] New computers featured. [Brattle Research president John CLIPPINGER - says computer program relevant to users' profile.] Future impact of computer trading discussed. [BREINER - comments on access to new computers.] Small investors noted negatively affected by new computer programming. [Small investors' advocate Merrill SANDS - small investors will never keep up with big investors.] Computer costs and capabilities detailed. Efforts reported being made to insure people ultimately control computer trading.