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Technology Stocks : Year 2000 (Y2K) Embedded Systems & Infrastructure Problem
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To: John Mansfield who wrote (489)7/6/1998 5:04:00 PM
From: John Mansfield   of 618
 
'Other electric utility analysts paint a bleaker picture. Rick Cowles, who reports on the electric utility industry, said at the end of February: "Not one electric company [that he had talked to] has started a serious remediation effort on its embedded controls. Not one. Yes, there's been some testing going on, and a few pilot projects here and there, but for the most part it is still business-as-usual, as if there were 97 months to go, not 97 weeks." After attending one industry trade show, Cowles stated that, "Based on what I learned at DistribuTECH '98, I am convinced there is a 100% chance that a major portion of the domestic electrical infrastructure will be lost as a result of the Year 2000 computer and embedded systems problem. The industry is fiddling whilst the infrastructure burns."

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y2ktimebomb.com
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