<Markets have a way of finding out what the professionals know, and I believe that if there was the specter of a significant problem, the markets would have begun discounting the effects of the problem with much lower stock prices. This has not happened. Some of the tentativeness we have seen since August 1, 1999 is disappearing. >
Here's the government spin ...
Market trends ease Y2K worries, says U.S. Czar
WASHINGTON, Aug 23 (Reuters) - Financial markets seem to reflect growing confidence that U.S. computer systems will glide through the Year 2000 challenge problem-free, President Bill Clinton's top Y2K trouble-shooter said on Monday ...
techstocks.com
BTW - this came in last week.
State Department Survey Predicts Global Problems from Y2K - Inspector General says no region will escape Y2K
Washington, Aug 19 -- A survey conducted by the U.S. State Department has produced a worrisome assessment of impending global problems related to the year 2000 (Y2K) computer date change.
"With less than six months to go before the Y2K date change, the global picture that is slowly emerging is cause for concern," State Department Inspector General Jacquelyn L. Wiliams-Bridgers said in a recent statement to the U.S. Senate Special Committee on the Year 2000 Technology Problem.
"Our assessments suggest that the global community is likely to experience varying degrees of Y2K-related failures in every sector, in every region, and at every economic level," ...
usia.gov
Cheryl |
