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Technology Stocks : Discuss Year 2000 Issues

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To: C.K. Houston who wrote (2150)	7/14/1998 4:34:00 PM
From: C.K. Houston	Read Replies (4) of 9818

BLOOMBERG: Y2K bug sound overplayed? Look at Hong Kong's new airport. ======================================================== The breakdown that wrought havoc at Hong Kong's Chek Lap Kok Airport had nothing to do directly with the 2000 problem, known as the ''Y2K bug.'' But the magnitude of disruption in the airport's cargo operations, estimated as high as $2 billion during the first nine days, is a vivid illustration of what can go wrong with highly sophisticated systems dependent on fail-safe computers. ... Hundreds of scheduled flights were delayed, thousands of pieces of luggage were lost, millions of dollars in perishable goods were left to rot. A $20 billion wonder of engineering, touted as the most sophisticated airport in the world, offered a level of service one would more likely expect landing in Kosovo or Sudan. ''A year and a half from now, it's not just going to be about airports,'' said Samuel T. Chanson, director of the Cyberspace Center at Hong Kong's University of Science and Technology, who wrote a handbook to help companies cope with the millenium problem. ''There's a real possibility that the world will be paralyzed for at least a few days.'' ... businesstoday.com

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