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

To: Cheeky Kid who wrote (6772)	7/19/1999 7:39:00 PM
From: flatsville	Read Replies (2) \| Respond to of 9818

Wrong thread. Post here: 2000 Date-Change Problem: Scam, Hype, Hoax, Fraud" Subject 15277

To: Cheeky Kid who wrote (6772)	7/19/1999 7:39:00 PM
From: Ken	Respond to of 9818

How to know when the panic will begin...kinda...CBS News poll... After the storage food industry dries up...when generators are no longer available, when water filtration systems and storage barrels are sold out, when heavy blankets are finito, affer the grocery store shelves become barren of everything but spam and pollycrackers, it will be too late for a poll to estimate how many people will be alive next July, or estimate how many will preying on their neighbors for food, water, blankets, generators, and even spam and pollycrackers, or at least THE pollycrackers that caused them to not prepare, < aol.com. Just-in-time production/distribution guarantees that 18% of the population cannot change its buying patterns. People may change their minds, but when they attempt to change their buying patterns, supplies will dry up. Price changes will not affect total production in time. When the panic hits as few as 1% of the population, it will be impossible to buy bullion gold coins, cheap generators, diesel fuel tanks, propane tanks, or anything that is not sold in Wal-Mart. When 5% panic, it will not be possible to buy long-term food storage items and tools at Wal-Mart. We know that 18% of the population is skittish. When 5% of these skittish people start spending on survival items, the panic will begin. Y2K is systemic. Markets are thin. Time is short. This is a Reuters story from AOL NEWS (July 19). * * * * * * * * * * * Nearly a fifth of U.S. households may stock up on food or water because of concerns about the year 2000 computer glitch, but the majority are planning no preparations, a poll released Sunday showed. The poll, conducted for the CBS News program ''Sunday Morning,'' found that 56 percent of respondents said no one in their home was ''thinking about doing anything'' to prepare for possible disruptions caused by the year 2000 computer bug. Eighteen percent of those surveyed said they were thinking about stocking up on water and/or food. Other precautions include withdrawing cash from the bank, upgrading computers and copying financial and electronic records. Respondents overwhelmingly said they expected the so-called Y2K computer glitch to cause problems, though only 18 percent expected major problems. At issue is whether some computers and microchips will crash or misread the year 2000 as 1900 because of an old programming shortcut that stored dates in two-digit fields. A total of 722 adults chosen by nationwide random sample were surveyed by telephone on July 13 and 14. The sampling error is plus or minus four percentage points, CBS said.