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

To: Ken who wrote (6775)	7/20/1999 2:09:00 AM
From: Technologyguy	Read Replies (1) \| Respond to of 9818

Thanks for posting, Ken. This quote from the report to Congress, I think is particularly accurate: The consequences of Y2K failures abroad will range from the relatively benign, to problems within systems across sectors that will have humanitarian implications such as power loss in mid-winter. The coincidence of widespread Y2K-related failures in the winter of 1999-2000 in Russia and Ukraine, with continuing economic problems, food shortages, and already difficult conditions for the population could have major humanitarian consequences for these countries. Foreign countries trail the United States in addressing Y2K problems by at least several months, and in many cases much longer. Y2K remediation is underfunded in most countries. We do see indications that countries are undertaking contingency planning for recovery from Y2K failures.... Other countries, particularly the former Soviet Union, will be in much worse shape than the U.S. So the question for us becomes, how will that affect us, if at all.