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Technology Stocks : Discuss Year 2000 Issues

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To: flatsville who wrote (6260)7/4/1999 11:00:00 AM
From: C.K. Houston  Read Replies (2) of 9818
 
BANKERS HAVE NO SENSE OF HUMOR

"Quite a number of bankers have told us that they are deeply concerned about the KIA Motors television ad," the ABA [American Bankers Association] wrote to KIA President and CEO B.M. Ahn last month. "Your ad sends precisely the wrong message to the public about the safety of their money during the calendar change ... The last thing this country wants, or can afford, is a bank run."

KIA's CEO wrote back: "Give the American people credit. They get the joke." KIA told the ABA that it would not pull or alter the ad.

The bankers' displeasure with the ad was so strong that KIA received a letter from one Massachusetts bank saying it would not approve loans for KIA cars anymore, KIA spokesman Geno Effler said. Declining to name the bank, Effler said KIA may raise the issue with the Federal Trade Commission.

Bankers "really got into quite a flap about" the ad, said Ruth Grossman of Goldberg Moser O'Neill, which came up with the idea for the spot. This just confirms to me that bankers have no sense of humor." "

SOME PAST "DUH" WINNERS:

Larry King, writing for USA Today: "I asked Ross Perot, who knows his way around computers, if he is concerned about Y2K. He said simply, "There are two sure cures. One, tell all the computers it's 1972. 1972 exactly apes 2000. Every day of every month is the same and will follow suit for 28 years, so that gives you that much time to correct the problem." Solution No. 2: Shut off all the computers, go manual for a while and reprogram. "We can live manual," the former presidential candidate said. He did not get rich being stupid, folks."
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Vice President and all-round technology guy Al Gore: "How could this be a problem in a country where we have Intel and Microsoft?"
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Gordon Moore, co-founder of Intel and otherwise pretty bright guy, speaking in Vienna on Intel's Y2k preparedness : "We don't know which of our production machines are going to work."

[He said this 10 months ago. Maybe they know by now?]
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duh-2000.com

Cheryl
180 Days until 2000

HAPPY FOURTH OF JULY EVERYONE:-)
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