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Technology Stocks : Discuss Year 2000 Issues

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To: Jeff Mizer who wrote (8469)8/30/1999 1:24:00 PM
From: Jim  Read Replies (1) of 9818
 
Hi Jeff,

Thanks for posting the link. I read the whole thing through as well, and maybe it is my biased "polly" beliefs, but I did not see anything "troubling". I read and agree with the following answers:

Q As far as we know, the first test of readiness will be on the night
of September of the system for the Y2K. The 9/9/99 problem. Is the
United States ready? Thank you.

MR. CAVERLY: With respect to the 999 problem, so far the other dates
that we thought would be a problem this year, whether it was the 1st
of January or dates in April and June and July, so far we haven't seen
any major events. We don't anticipate problems on 999; however, we
will be conducting a series of tests, and we will be focused on that
date.


and

MR. BUGAJSKI: We were just asked about the American consumer. What
about the Russian consumer? What should the Russian consumer be
prepared for in case there are energy and communications disruptions
as well with the beginning of the new millennium?

MR. CAVERLY: That's a very tough question, because if the consumer
starts behaving unusually -- in other words, they start buying a lot
of stuff early to stockpile it, the system will break down, as it will
in the United States. I think you should look at where you live, I
think you should look at what you need to be able to provide for
safety and health for a couple of days, and ensure that you have those
to support you. But if everybody goes out and starts buying a lot of
food, a lot of water, a lot of resources, the distribution system will
break down -- any distribution system will break down. And that's one
of the fears we have here in the United States, is that the consumer
will start hoarding.


Perhaps you could indicate which sections you found troublesome so I can understand your concerns.

Jim
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