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Technology Stocks : Discuss Year 2000 Issues
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To: Ken who wrote (6595)7/16/1999 10:25:00 AM
From: Bill Ounce  Read Replies (2) of 9818
 
re: planes falling from the sky term = hype

To me, planes falling from the sky means that the planes electro-mechanical controls freeze-up after the midnight January 1 2000. This is not very likely to happen.

The FAA air traffic control system could very well lock up and crash after midnight January 1 2000. This increases the risk of mid-air collisions between planes. This is different from "planes falling from the sky" on their own.

Anyone who has flown knows that planes are piloted by conscious professionals who know how to steer. So one may expect many more near misses and a collision or two nationwide as "worst case", most occurring on relatively near to airport runways where there is less maneuvering room for pilots to avoid each other. It's not like all the planes in the sky are going to smash into each other as in a bumper cars amusement park ride!

The real impact to society results from a long period of forced cancelation of 1/2 or more flights to increase "seperation distance" required for a manual ATS. That alone could trigger a big recession as anything connected to airports takes a big hit (airliners, catering, hotels, rental cars, resorts, shipping companies, and even the US Post Office.) Bears will identify this as a nice sharp pin for bursting our speculative market bubble.
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