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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (6176)	6/27/1999 2:04:00 PM
From: flatsville	Read Replies (1) \| Respond to of 9818

>>>"We're at too high a level of abstraction to quantify risks," said John A. Koskinen, chairman of President Clinton's council on year 2000 conversion.<<< >>Translation: "Most developing nations, especially in Asia, are still developing national coordinating mechanisms that will properly and accurately assess overall vulnerabilities". flatsville's Translation: "They are up sht creek without a paddle. They didn't know they needed one." <ggg> >>Or an alternative translation of: >>"Most developing nations have been extremely busy dealing with the repercussions of two years worth of economic turmoil and thus have only recently commenced comprehensive vulnerability assessments at a national level. >>The main focus of these belated activities* will center on addressing risk and actively working contingency plans aimed at business and gov't continuity as well as the maintenance of public confidence, the loss of which would have far more grievous consequences than any actual Y2K disruptions". flatsville's Translation: "Venezuela has the right idea. Remediation and contingency plans? We don't need no stinkin' plans when we can just hire shrinks." <ggg> >>Btw, I can make these translations with a relative measure of certainty given my contacts with people actually involved in the NYC UN meeting. So what's the "real" skinny from your sources? (And yes, I am feeling particularly evil these past few days.)