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Technology Stocks : Discuss Year 2000 Issues

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To: C.K. Houston who wrote (435)11/14/1997 10:48:00 AM
From: C.K. Houston  Read Replies (2) of 9818
 
Wouldn't wanna live in NYC in 2000

NEW YORK CITY 2000: What will suffer Independent Study
- Electricity: 50% availability 1-10 January
- Transport: 30 days disruption (air/rail/bus)
- Hospitals: four-week emergency-only service
- Education: four-week impact on school term
- Stock market: closed for eight days
- Telecoms: 50% availability 1-10 January
- Post: 10 days disruption
- Banks: closed for eight days

Corporation 2000's investigation into New York's preparations for the millennium is the first of its kind and is likely to have a good number of detractors. Martyn Emery accepts this. "The problem is that there's nothing to compare it with. No one else is researching it, which is astounding considering the severity of the problem."

Emery's method for calculating millennium-related chaos has no equivalent. "Back in June 1996 we were asked by a telecoms company to look at the wider implications of the millennium bug. We were able to look at the wider problems across the enterprise, not just the supply chain, but infrastructure."

There was no real precedent for such a wide-ranging study, but the principle behind the assessment is a simple one. "Even if your communications links with all your telecoms partners are all right, and they're all millennium compliant, you're still in big trouble if the power goes down. So we started looking around the world, and it soon appeared that New York was more advanced in dealing with the year 2000 than most, Emery adds.

The method for assessing how badly affected a city will be goes along these lines, beginning with identifying the city's key infrastructure components. Then the progress of these organisations in tackling the millennium problem is assessed with dozens of questions tailored to the industry sector. The other factors in the city's likely ability to tackle the millennium problem are considered and fitted into the overall statistical model.
computerweekly.co.uk

Even scarier:
compinfo.co.uk

Check out projections for London:
MPs have called on the Government to co-ordinate public service millennium projects in the wake of a report which says London's infrastructure is at risk of collapse in 2000.

The study, by UK consultancy Corporation 2000, predicts key services such as transport, power supplies, telecommunications and banking will break down through a combination of technology failures and logistics and business pressures.

LONDON: Predictions for 2000
- Power supply: 75% available December 1999 and 50% January 2000
- Hospitals: four weeks of emergency-only cover
- Telecoms: 75% available 1-20 January 2000
- Transport: 30 days disruption
- Banks: closed 1 December 1999-24 January 2000
- Stock market: closed 20 December 1999-24 January 2000
- Education: schools closed for four weeks
- Post: 10 days disruption
computerweekly.co.uk

Hmmmmmmm ... How many days will the stock market be closed?
SEC says 2 days, Montgomery Securities predicts 3, NYC Y2K study says 8 ... and London expects a month? Hmmmm ...
techstocks.com
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