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Technology Stocks : Year 2000 (Y2K) Embedded Systems and Utilities
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To: John Mansfield who wrote ()7/11/1998 6:39:00 PM
From: John Mansfield  Read Replies (1) of 89
 
'Now let's look at the evidence in the ML report that completely
contradicts the optimistic spin provided in the introduction to the
survey:

1) ELECTRIC UTILITIES: In the US, the ML analyst observes
that the level of preparation of the electric utility industry is a
"mixed bag." Some companies are still assessing the problem.
There is a "risk that Y2K issues could result in power flow
interruptions for the transmission grid." The analyst gives a
"thumbs down" on Y2K disclosure, yet he ranks most of the
companies as "will be compliant" or "likely compliant." In Japan,
the analyst observes that "electric power companies are pretty
much on their own in tackling the Y2K issue. They report that
MITI, which oversees electric utilities, has not come up with any
special guidelines or test standards to meet as of this writing."
Among other Asian nations, Pakistani, Malaysian, and Chinese
electric utilities appear to be least prepared, according to ML

...

exchange2000.com
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