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Technology Stocks : 2000: Y2K Civilized Discussion
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To: foobert who wrote (44)8/9/1999 12:41:00 AM
From: B.K.Myers   of 662
 
foobert,

Indeed, you are correct. The 100% failure of an entire industry is not likely. However, I would image that some industries use equipment that is very similar, and if that particular type of equipment fails because of a Y2K problem, all companies with the same type of system would experience the same failure. In this case, an entire industry could come to a grinding halt.

I don't know whether or not the ball bearing industry specifically has a Y2K problem, I only used it as an example. But I do suspect that some industries will be more seriously affected by Y2K than others will.

I have had a difficult time trying to explain the potential problems that Y2K presents to people. I have had better success trying to explain the potential economic effects rather than the potentially more serious infrastructure problems. I guess that some people just can't accept the possibility of serious infrastructure problems, but become very concerned if their financial security might be affected.

B.K.
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