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Technology Stocks : Discuss Year 2000 Issues

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To: Cheeky Kid who wrote (5290)4/5/1999 9:29:00 PM
From: Hawkmoon  Read Replies (3) of 9818
 
Cheeky,

Listen pal... I don't like Ken's fearmongering, but on the other hand I don't like folks spouting their polly-anna BS either.

Year 2000 problems will, statiscally speaking, manifest themselves SOMEWHERE in the world. And those manifestations will cause disruptions.

What NONE OF US CAN DETERMINE is exactly what the level of disruption will be, nor the location or severity of those disruptions.

While I don't subscribe to TEOTWAWKI BS scenarios like Ken, I DO suspect there will be some substantial economic disruptions that could impact profits and jobs in early 2000.

I believe these will mainly derive from lack of preparedness in Asia and Europe. And their lack of preparedness, especially in Japan, China, and other developed countries there, will impact our supply chain of parts and subcomponents. We saw it happen last summer with GM when two striking parts plants shut the company down. And my best guess is we're likely to see some large manufacturers suffer similar temporary disruptions again.

So if people want to take appropriate measures to prepare themselves physically, I'M ALL FOR IT. We should all be prepared for emergency situations like earthquakes, severe storms, or who knows, even the possibility of a terrorist attack, biological, nuclear, or cyber-attack.

I can tell you, with some measure of confidence, that were a sophisticated and intensive effort made to attack and bring down out vital electronic infrastructure through cyberterrorism, it would have consequences far more severe than Y2K. And those personal preparations would mean that many fewer families that emergency relief agencies would have to take care of.

So knock off the crap, will ya?? And that goes for Ken, too.

Regards,

Ron
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