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Technology Stocks : Y2K damage reports

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To: StockJock-e who wrote (40)12/28/1999 12:25:00 PM
From: dclapp  Read Replies (1) of 286
 
I've never heard or read anything about "humanity being destroyed," though y2k mockers do like to mention things like "planes falling from the sky," etc. -- which I've also never heard predicted, by anyone.

Inventing, then mocking a "worst case" is a tired sophmoric debating trick. So is holding up a trivial example to trivialize an issue.

At the very least, we have a JIT economy, a bubble market priced FAR beyond "perfection," a nasty trade deficit, a negative savings rate, and a huge dependency on foreign oil. And a government that says that it's "99.9% fixed" despite no history of ever coming in on-time and under budget for projects far simpler than this one.

Then, of course, there's the embedded chips issue. Without going into a far-too-long explanation of all this, I'll merely relay a couple a true stories.

I had an interesting chat with the y2k head of a smaller regional electric utility here in Minnesota. I said: "Are you fixed and compliant?" He said "Yeah, but it wasn't easy! All the software is fixed and checked and back in production."

I said "What about embedded chips?"

"That was tough," he said. "We checked all the ones we could -- and replaced those that wouldn't have worked (quite a few). Those that we couldn't check -- a lot -- we simply replaced."

Now, I think that's pretty damn commendable..and I was impressed. I wonder how many other utilities and chemical plants and refineries, etc. took the same thorough approach to embedded chips?

I also spoke with a friend who was in charge of y2k remediation for a regional gas company. Smart guy; great programmer. (I'm a software guy in real life, so I know a few of these types...)

Again, all their software is now compliant and fixed. Billing will not be a problem!! Again, I said: "What about embedded chips in the pipelines to control valves and that kinda stuff?"

He said: "They don't know how many there are, and they don't know how to test them, so they're just ignoring them, and hoping that they'll work."

That, I guess, is the other side of the coin, huh?

When you read that companies have "contingency plans" that often merely means a "fix on failure" policy.

Engineers have what's called a "smoke test." Instead of trouble-shooting, you just plug it in and see if it works...or smokes.

We're about to have a largest smoke test in the history of mankind. I personally don't have a clue what will happen -- and the effects might not be well seen for days, weeks, or months...if there are significant effects at all.

All I know is that it should. be. interesting.

regards,

doug
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