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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.04

+0.7%

Jan 16 4:00 PM EST

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To: John Mansfield who wrote (23113)	11/18/1998 5:29:00 PM
From: yard_man	Read Replies (1) of 116874

Many systems which control the flow of water, the basic switchgear employed are quite simple. Some of the recordkeeping or more advanced communication devices may have some mpcs technology in it, but not the devices which actually can shut off flows automatically (more relay type technology) -- it's just not that high tech for the most part. Most valves and controls have manual over-rides if there were to be such a shutdown of a pump or a valve close improperly. I can just about guarantee that a malfunction resulting in a shutdown is very unlikely to be based on the change of the date. Y2K is serious from the financial standpoint because it will effect record keeping and billing systems which have not been fixed. The cost of the fixes is high relatively speaking to the embedded value (undepreciated costs) of the IT systems in place at some water utilities.

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