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Technology Stocks : Germany : elections, EuroDollar, Y2k
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To: John Mansfield who wrote ()9/25/1998 6:28:00 PM
From: John Mansfield   of 44
 
Germany Y2k update (repost)
------------------

There are many indications that Germany is seriously lagging Y2k remediation efforts.
Some indications are:

- the issue not mentioned at all during the current election campaign, as far as I have
seen.

- almost not mentioned at all in any business magazine; overwhelmingly only the Euro
dollar and consequences are discussed.

- pressure by large banks and large enterprises on smaller companies to be Euro
compliant ASAP.

- In Juli 1998 the department responsible for electrical utilities ordered an investigation
into the Y2k status of utilities. In the news article that mentioned this, it was remarked
that suppliers of non compliant systems did not see any significant increase in ordering
replacement systems (at least not from the smaller/local utilities). This is very
discouraging.

- In IT/electronics shops very few signs of products being 'y2k compliant' or similar
statements.

- Almost no (extensive) coverage on national TV.

The areas most seriously threatened are IMO:

- local government
- health care
- SME business; especially manufacturing
- smaller / local utilities; possibly also drinking water delivery
- local transportation

The most influential political (liberal) magazine 'Der Spiegel' has a series on 'Germany in
2000'. Issues like education, job market etc are discussed in detail. No mentioning of
Y2k; no special edition dedicated to Y2k up till now.

b.t.w. France is in even worse shape... almost all Y2k sites are about 1/1/2000
celebrations in Paris and other cities.

John
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