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Technology Stocks : Discuss Year 2000 Issues

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To: Yogizuna who wrote (8123)8/20/1999 12:57:00 PM
From: Edwarda  Read Replies (4) of 9818
 
No, no. It's the other way around: Only 5% are not "date compliant" and most don't even need to be to continue to function regardless of what year it happens to be.

Paper machines, for example, are loaded with embedded systems that could care less about what year it happens to be. I hear that all the key executives of Southwest Airlines are committed to being in the air at the turn of the year, so it looks to me as though they are not worried about Y2K compliance. Even Ed Yardeni, whom I've known for years, has expressed far less concern than he did previously.

I suspect that we are going to run into some glitches here and there, but hysteria--except for the fear that some of the "gloom and doomers" will go berserk and turn violent when the world doesn't end--strikes me as totally out of place. We've all dealt with power outages that had nothing to do with Y2K, yet the issue is being treated as some sort of special event. We've (many of us) dealt with food shortages during blizzards that had nothing whatever to do with Y2K. IMO, Y2K is being used by too many people and companies as a tool rather than a real issue.
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