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Technology Stocks : Y2K (Year 2000): Is Wall Street & Banking Vulnerable?

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To: bearcub who wrote (14)5/28/1999 11:15:00 AM
From: Christine Traut  Read Replies (1) of 158
 
Bearcub and Ken:

I know that the common wisdom is that the White House got cold feet on Y2K protection because they are in bed with the Trial Lawyer's Association. But I think that the Democrats may be nervous for additional reasons.

I'm patiently waiting to find out just how angry the American public is likely to get at technology companies. After all, tech companies haven't been doing a stellar job at controlling software quality or Y2K remediation. Microsoft is planning to put up a 'consumer' Y2K web site in June - that's coming right up. Most people still think that Microsoft's stuff is Y2K compliant. Wonder how they will react when they realize they are going to have to patch all of their PC operating systems.

Maybe the Dick Morris pollsters are getting some early feedback that the voting public is going to be really, really angry about Y2K. Speculation, but reasonable speculation. If so, I just don't think that the Democrats are going to want to be within a million miles of a bill that could be interpreted as protecting Big Business.

Yes, you little libertarians in Silicon Valley, tech has become Big Business. Deal with it sweethearts, you're going to be the bad guys.

Christine
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