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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.98

+0.6%

Nov 21 4:00 PM EST

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To: long-gone who wrote (34938)	6/7/1999 12:35:00 PM
From: Ken Benes	Read Replies (3) of 116764

Richard: The y2k consequences may not be as dire as you think. I very close friend of mine who is very high up with IBM and has been one of that companies leaders in coping with the problem told me the following: First: Most of the financial institutions have been compliant for awhile, it seems that mature dates for debt instruments have gone beyond the year 2000 for some time, requiring adjustments to computing systems. Second: For third world countries, utilities, etc., a disruption to their computers would cause substantial dislocation to utilities and manufacturing. However, for these entities a simple solution is ready and on standby. It seems these computers can be walled off from a more extensive network and every day prior to midnight the computers clocks can be rolled back 24 hrs, a relatively simple procedure buying another day into perpetuity until their software can be upgraded. Ken

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