COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00160

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Nov 21 9:30 AM EST

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To: DMaA who wrote (10555)	12/11/1997 5:00:00 PM
From: david decamp	Read Replies (1) of 22053

I'd say 7 1/2. Recent studies show that at current rates of correction, over half the mission critical applications in use by the government, military, etc. will NOT be corrected in time. Estimates for problems in Europe are that nearly 60% of their systems will not be ready. Could trigger significant economic turmoil at the least, and some economists who understand the scope of the potential problem have pessimistically predicted that it could actually trigger a global recession because of the chaos and turmoil in the financial markets. Can't say I'd go quite as far as the latter opinion, but I'd sure be taking some chips off the table (when I cash in all my Y2K related stock winnings of course) in mid 1999. Problems with 180 day net term invoices should really be causing problems starting in July if the systems dealing with them aren't corrected by then. Hmm, with gold probably down to $100 an ounce by then, wonder what the appropriate safe haven would be???? Dave

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