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Technology Stocks : Discuss Year 2000 Issues

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To: flatsville who wrote (5105)	3/29/1999 7:53:00 PM
From: David Eddy	Read Replies (1) of 9818

Flatsville - I have been trying to run down the origin of the "80% of basic chemicals used in pharmaceutical manufacturing in the U.S. come from abroad" quote that came out of the Bennett/Dodd sub-committeee. This sounds like an urban myth zinging around the 'Net in Y2K several years ago about how most/all/99%/majority/your guess/much of Insulin (pick some other drug, that's fine too) came from (perhaps) two plants in Denmark. The point of this is that these little sound-bites get picked up & repeated ad nauseum until they become FACT. But they're not. The guy (Martyn Emory) who was credited with exposing our exposure to Insulin embargos pointed out that he was massively mis-quoted. But what's a little truth in the name of a snappy sound-bite? Regarding the Bennett/Dodd report... most of that is 2nd/3rd/4th hand information from witnesses & Gartner Group surveys. While Insulin isn't your "basic chemicals", it's plenty close enough to the gist... I've seen too many "facts" distorted... just run it thru the Scary Gary North spin machine a few times. - David

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