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Technology Stocks : Discuss Year 2000 Issues

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To: John Mansfield who wrote (3760)	2/8/1999 4:09:00 PM
From: John Mansfield	of 9818

'Chaos Coming The January 13, 1998 Financial Times reported that 60 senior business executives warned that governments are not moving quickly enough to fix their Year 2000 Problem in a statement delivered to President Bill Clinton and the Prime Ministers of Britain and Canada. "We fear that governments lag in assessing and addressing the problem," says the statement. It warns that disruptions could extend to "delays in welfare payments, the triggering of financial chaos by a breakdown in revenue collection and debt management, and malfunctions in the air traffic control and defense systems." The Wild Bunch Among the 60 signing the statement are executives from Lloyds TSB Banking Group British Aerospace BAT Industries Thames Water Bechtel Group Unilever Bombardier Texas Industries Ford Motor Company Quite an impressive bunch. This was a very important statement: This was the first time that a group of business executives sounded the Y2K alarm. It was nice to get some confirmation that I'm not delusional about the Y2K issue. Y2K skeptics claimed that Y2K consultants were stirring up unwarranted fears to drum up business. Now it was no longer just the consultants and an economist sounding the alarm. yardeni.com

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