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Technology Stocks : 2000: Y2K Civilized Discussion

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To: Ken who wrote (294)8/16/1999 2:29:00 AM
From: C.K. Houston  Read Replies (1) of 662
 
It's a shame that you feel the need to get so involved with personal attacks and chest-thumping. Because, when you actually have something new and of importance to post ... many, unfortunately, miss or ignore it.

This was an excellent find, Ken. Thanks.
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United Press International Analysis
Y2K BUG OVERSHADOWS COMMODITIES TRADE

LONDON, Aug. 15 (UPI) - Commodity markets are living in fear of global disruption resulting from millennium bug problems that experts say won't be resolved this year because of the high cost of replacing embedded microchips.

In some cases, affected institutions may find it easier to rebuild than to replace production and distribution systems, adding yet unknown costs to trading of commodities, say London commodity traders.

Concern over the Y2K problem confronting the global commodity scene emerged in a World Bank report this month. A cautiously worded commentary in the bank's Global Commodities Report warned, "Regardless of whether the disruptions to occur are large or small, the anticipation of Y2K will lead to changes in consumer and producer behavior that could have significant impact on commodity markets."

The consequences could include hoarding, shortages and higher prices, the bank warned ....
vny.com

Cheryl
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