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Technology Stocks : Discuss Year 2000 Issues
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To: Christine Traut who wrote (4588)3/12/1999 5:04:00 PM
From: Cheeky Kid  Read Replies (1) of 9818
 
Awareness Is Helping Cool the Y2K Fever

latimes.com

snip:
>>After two years of doom-and-gloom pronouncements about the year 2000 problem, a growing cadre of Y2K experts has begun to recast its predictions of potential calamity into a tamer vision of the millennium bug.<<<

snip:
>>>Edward Yardeni, chief economist for the investment banking firm Deutsche Bank Securities Inc. and one of the most persistent drumbeaters on the Y2K issue, recently revised his estimate for a long global recession due to the glitch, from a 70% chance to 45%.

"I've toned down the message partly because progress has been made," Yardeni said.<<<

snip:
>>Some parts of the Y2K problem, such as its effect on embedded microprocessors--critical components that control automated processes in power plants and hospital equipment--have turned out to be far less pervasive than previously believed. Giga Information Group was one of many companies that sounded the alarm, proposing that embedded microprocessors could be the most serious aspect of the Y2K problem because of their widespread use in critical industries.

But in January, the company released a new report, titled "It May Rain, but the Sky Won't Fall," stating that problems with embedded microprocessors "will not have the crippling effect as originally thought."<<<

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First Peter de Jager back peddles now Edward Yardeni. What's going on????


Had to post this one more time.
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