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Technology Stocks : 2000: Y2K Civilized Discussion

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To: Hawkmoon who wrote (93)8/11/1999 6:32:00 PM
From: C.K. Houston   of 662
 
<I wonder what effect this disruption has had on commodities pricing??>

Who knows? I'm sure someone knows. It had to have made some impact. They just aren't making it public.

<Is it part of the reason for some of the movement in the CRB and pressure on the T-bills??>

Who knows? Media's pretty much kept a lid on this whole thing so far. I can understand if it was a one day deal. But, from last Thursday thru this Tuesday??? Give me a break.

Transactions were supposed to resume at 2:15PM this afternoon at COBT. Wonder if Wall Street was keeping eye on situation? When did market turn-around and rally today? Maybe just a coincidence.

<It is interesting, but I guess my point was, no matter how severe the disruption has been, it has not brought entire markets to a halt in such a way that the news media can ignore the cause/effect.>

Really? News media can't ignore this? Hmmm - Guess I don't trust them as much as you do.

<Actually, I'm pretty amazed that there hasn't been more news coverage.>

Me too. Considering CNBC coverage when Ebay's down. When E-trade's down. When Ameritrade's down ...

But MCI's network's down for up to a third of their business customers ... and not a peep.

You'd think it would be a "newsworthy" item ... those outages/disruptions at Chicago Board of Trade ... from Thursday thru most of Tuesday ... wouldn't you?

MCI's price drops Friday, Monday ... and all CNBC can attribute it to is that rate reduction of theirs? Give me a break.

Did you see that CBOT is planning on seeking redress from MCI WorldCom? And other business customers can to, depending on terms of contract.

MCI WORLDCOM MELTDOWN SLAMS TRADERS
Network woes continue as Chicago Board of Trade has been crippled since last Thursday ...

zdnet.com

I wonder if GPS end-of-week rollover problems August 21 will affect telecoms? It's a real wildcard. We'll find out soon enough, won't we?

Cheryl
142 Days until 2000

P.S. I just heard on CNBC that 90% of hospitals are still waiting for Y2K software upgrades. WHEW - High percentage. Surprised at that CNBC segment. No more laughing anymore.
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