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Technology Stocks : Discuss Year 2000 Issues

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To: Hawkmoon who wrote (8343)	8/24/1999 1:04:00 AM
From: C.K. Houston	Read Replies (1) of 9818

119--SPECIAL REPORT: US downstream seems prepared for Y2K New York (Platt's)--20Aug1999/219 pm EDT/1819 GMT US refining and marketing companies, and the pipelines that serve them, plan to keep operating without any interruptions during New Year's Eve weekend, despite the potential for computer-related problems associated with the beginning of the year 2000, a survey of the companies indicates. Some computer experts predict power failures, fuel hoarding and the potential for widespread disruptions caused by computer problems. But companies that own the vast majority of the US' refining capacity said their refineries and pipelines will operate with little -- if any -- change from normal New Year's Eve. Platt's contacted about 20 US R&M companies -- as well as a number of key pipeline operators -- *and not one said it planned even a short* refinery or pipeline shutdown. They also do not plan to increase their crude or product inventories.** -- Platt's Global Alert-- [Who needs contingency planning, eh? Everything's AOK.] Cheryl 129 Days until 2000

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