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Technology Stocks : Y2K (Year 2000): Is Wall Street & Banking Vulnerable? -- Ignore unavailable to you. Want to Upgrade?

To: foobert who wrote (101)	7/21/1999 4:16:00 PM
From: flatsville	Respond to of 158

foobert-- >>>"I'm surprised to hear people say emerging markets are in bad shape versus developed countries," he told reporters at a Toronto meeting. "Emerging markets are less dependent on computers. They will have PC-based systems but not extensive networks... and, secondly, these companies are used to dealing with crises."<<< They may well not have extensive networks in some countries. They do have aging legacy systems (and PCs) which could be a problem. >>>For example, Mr. Mobius said frequent power blackouts have led companies to establish back-up power systems rather than rely on a central system.<<< Unreliable power and telecom service could disrupt international credit and payment systems. How long these systems can operate on back-up power will have a greater effect on trade and commerce than whether or not an individual company is able to clunk along on gererator power. Bear in mind Mobus is a fund manager. There's a calm the bag holder element to his statements you just can't ignore.