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Technology Stocks : Discuss Year 2000 Issues
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To: C.K. Houston who wrote (3584)2/3/1999 12:30:00 PM
From: Christine Traut   of 9818
 
This is a very lively, very useful thread. My thanks to all who post here.

I recently gave a speech in Louisville on 'What Comes After Y2K'. My basic point was that there is one thing that we know, right now, with 100% certainty. On or about 01/01/00, we are taking the world through a live system test. For those of you who are not IT types, that is when you turn on a system and cross your fingers.

I believe that people are going to figure out the fact that no one knows what will happen. They are starting to get it already. I then predict the following (in no particular order)

1) stock market correction
2) stockpiling of essential goods (including drugs as referenced by Cheryl's post)
3) litigation that will change the terms of software licenses
4) probable regulation (heck, you need a license to operate a beauty parlor in most states - no one regulates programmers)
5) loud screaming from anyone whose family lives near a dangerous computer-aided facility (nuclear power plant, chemical plant, prison)

Organizations like FEMA and the military and the National Guard and NERC have to prepare for worst case scenarios. Because no one knows. And no one is going to know.

I find it helpful to keep this fact in mind. Saves me from paying too much attention to the Pollyanna vs. TEOTWAKI argument. The point is the uncertainty. Which is a certainty.
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