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Technology Stocks : Discuss Year 2000 Issues

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To: Lane3 who wrote (8755)9/22/1999 11:46:00 AM
From: C.K. Houston  Read Replies (2) of 9818
 
Thanks for posting all of those articles re final Senate Y2K report.

LOL ...
- Washington Post
- Wall Street Journal
- AP

Not one of these articles referenced supply chain impact. Only Yahoo did.

Have any thoughts on why Washington Post, Wall Street Journal and AP chose to ignore this? I find this exclusion particularly interesting with WSJ.

==============================================

``Severe long- and short-term disruptions to supply chains are likely to occur' as a result of Y2K-related system failures, the panel said in its 288-page final report.

``Such disruptions may cause a low-to-moderate downturn in the economy, particularly in industries that depend on foreign suppliers,' it said. The U.S. economy, a locomotive for the world, has been expanding since March 1991 ...

``Several important U.S. trading partners are severely behind in addressing the Y2K problem ... and are not likely to avoid significant disruptions,' the report said.

Other countries' Y2K-related problems may wash up on U.S. shores ``in the form of recession, lost jobs or requests for international assistance,' it said.[...]
biz.yahoo.com

Cheryl
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