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Technology Stocks : Discuss Year 2000 Issues

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To: Ken Salaets who wrote (5397)	4/9/1999 2:07:00 PM
From: Ken Salaets	Read Replies (2) of 9818

Egad! This problem may be even more serious than we had thought! ggg. Friday April 9 2:19 AM ET Archerd: Millennium bug worries in Hollywood By Army Archerd, Daily Variety Senior Columnist HOLLYWOOD (Variety) - Y2K is rearing its ugly head in yet another area -- contract negotiations of performers for New Year's Eve. What if transportation facilities fail to deliver (and return) the artists? What if power fails during/before in the venue where the artists are set to perform? What if other Y2K factors force a cancellation of the show(s)? Who is responsible for payment to the artists and other perks agreed upon? ''Force majeure'' doesn't seem to be a satisfactory covering/controlling paragraph for this new area of negotiations, agents and managers say. And getting insurance for Y2K, one manager admits, is ''a sticky wicket.'' Also, ''It's up to the buyers (hotels, arenas, halls, etc.) to provide Y2K insurance.'' And with stars booked to perform around the globe, midnight (and Y2K?) strikes in other time zones before the U.S. Reuters/Variety

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