Runner, To pay an analyst. That's the best idea I have heard in a long time. Just get the coverage In time for all the Y2K related news hitting the press:
Robert Stansky, manager of the $73 billion Magellan Fund, told the
Society of American Business Editors and Writers. "I'm truly
scared about the year 2000. I'm glad the first of the year
is on a Saturday [because the stock market will not be open]."
He also expressed concern over corporate profits next year,
because of costs related to fixing the Y2K problem.
GE Pins Y2K Costs At $550 Million
by Erich Luening
"Efforts to cleanse its computer systems of the Year 2000 glitch
will cost General Electric a hefty $550 million, according to a
quarterly report filed with the Securities and Exchange
Commission."
news.com
McDonald's To Spend $30 Million On Y2K
by Reuters
news.com
Japan And Germany Face Huge Millennium Problem, Says Expert
"Power cuts, water stoppages, transport disruptions -- even
minor food shortages -- as well as interruptions to government
and financial services could all be triggered by a high
dependency on electronic systems in both countries.
Highlights of the Gartner Study:
- Japan and Germany as having a 50% chance of significant
systems failure.
- US, Britain and Australia are among the best prepared,
with a 15% chance of failure.
- Russia and China are the two countries facing the most
widespread danger.
- Two-thirds of firms in sectors like healthcare, education,
construction and food processing are likely to face the
failure of at least one critical processing function
after Jan 1, 2000.
- Power, water, transport and law enforcement services face
a 50% risk of disruption worldwide.
- If 5% to 10% of the world's bank payments systems stopped
working on Jan 1, 2000, it would cause a global
liquidity crisis.
- Litigation costs could top US$1 trillion.
jaring.my
Mansour |
