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Technology Stocks : 2000: Y2K Civilized Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (93)	8/11/1999 6:32:00 PM
From: C.K. Houston	Respond to of 662

<I wonder what effect this disruption has had on commodities pricing??> Who knows? I'm sure someone knows. It had to have made some impact. They just aren't making it public. <Is it part of the reason for some of the movement in the CRB and pressure on the T-bills??> Who knows? Media's pretty much kept a lid on this whole thing so far. I can understand if it was a one day deal. But, from last Thursday thru this Tuesday??? Give me a break. Transactions were supposed to resume at 2:15PM this afternoon at COBT. Wonder if Wall Street was keeping eye on situation? When did market turn-around and rally today? Maybe just a coincidence. <It is interesting, but I guess my point was, no matter how severe the disruption has been, it has not brought entire markets to a halt in such a way that the news media can ignore the cause/effect.> Really? News media can't ignore this? Hmmm - Guess I don't trust them as much as you do. <Actually, I'm pretty amazed that there hasn't been more news coverage.> Me too. Considering CNBC coverage when Ebay's down. When E-trade's down. When Ameritrade's down ... But MCI's network's down for up to a third of their business customers ... and not a peep. You'd think it would be a "newsworthy" item ... those outages/disruptions at Chicago Board of Trade ... from Thursday thru most of Tuesday ... wouldn't you? MCI's price drops Friday, Monday ... and all CNBC can attribute it to is that rate reduction of theirs? Give me a break. Did you see that CBOT is planning on seeking redress from MCI WorldCom? And other business customers can to, depending on terms of contract. MCI WORLDCOM MELTDOWN SLAMS TRADERS Network woes continue as Chicago Board of Trade has been crippled since last Thursday ... zdnet.com I wonder if GPS end-of-week rollover problems August 21 will affect telecoms? It's a real wildcard. We'll find out soon enough, won't we? Cheryl 142 Days until 2000 P.S. I just heard on CNBC that 90% of hospitals are still waiting for Y2K software upgrades. WHEW - High percentage. Surprised at that CNBC segment. No more laughing anymore.

To: Hawkmoon who wrote (93)	8/11/1999 8:00:00 PM
From: C.K. Houston	Read Replies (2) \| Respond to of 662

Ron, OFF TOPIC: Sort of. IRIDIUM LLC, which runs the first global satellite-telephone network, is 86 percent-owned by 19 investors, which also include Lockheed Martin Corp., Raytheon Co., Sprint Corp. and American International Group Inc .... [Motorola's involved too.] How many satellites did they launch this past year that went KABOOM? I just heard more bad news today on CNBC: 2) DJN 14:21 DJ Iridium Says Defaulted On $800M, $750M Credit Facilities 3) DJN 14:21 +DJ Iridium: Bank Waiver Of $800M Credit Expired Wed >IRID 4) BN 14:17 IRIDIUM DEFAULTS UNDER CREDIT FACILITIES :IRID US I sure wish I took Anthony@Pacific's advice yesterday to short IRID when it was@6. Ooooooooooooh - look at this chart: techstocks.com ----------------------------------------------------------------------------- This GPS deal on August 21 is becoming more worrisome to me. I sure hope that none of IRID's global satellites up there right now ... have that end-of-week roll-over problem. Can you imagine what it would do to Internet stock prices ... and on-line trading ... and even "off-line" trading ... if we have problems with telecoms? Could make that MCI outage/disruption pale in comparison, huh? Sure a lot of telecom and ATM problems these days. Aren't there? Like that one in Toronto that affected over 100,000 - and caused problems from Ottawa to Vancouver. Of course that one was caused by someone dropping a wrench, wasn't it? And that other ATM problem in the U.S. a couple of weeks ago, that affected ... what was it? 15% of ATM machines nation-wide? Of course, that wasn't MCI. That was someone else. Like I said. There sure have been a lot of telecom and ATM problems these days ...... Cheryl

To: Hawkmoon who wrote (93)	8/11/1999 9:58:00 PM
From: C.K. Houston	Read Replies (2) \| Respond to of 662

Nuisance: "But two days later, on Thursday evening, some 275 Project A workstations in Paris, Tokyo, London and the United States were knocked out." Contingency Planning: "The CBOT's electronic system had no similar backup [phone] carrier, though it might in the future ..." ========================================================= Chicago Tribune has a great, in-depth article about the MCI - CBOT fiasco ... CBOT pipes up about MCI WorldCom Network Outage By Greg Burns Tribune Staff Writer August 11, 1999 The Chicago Board of Trade on Tuesday blasted MCI WorldCom Inc. for bad service after a technical glitch lasting nearly five days took down its global electronic-trading system for corn, soybeans and U.S. Treasury bonds. CBOT President Thomas Donovan called it "a catastrophic outage." MCI restored its data-transmission service Tuesday, and the exchange's Project A system went back into service at 2:15 p.m. The data network problem affected nearly 30 percent of the financial institutions and other companies that use it, a spokeswoman for the No. 2 U.S. long-distance carrier said Tuesday. A small number of Cash Station Inc.'s 7,000 automated teller machines were affected, though only slightly, a spokeswoman said. The outages were intermittent, because each ATM has a backup line with another phone carrier that reconnects it if the primary carrier goes on the blink, the spokeswoman said. The CBOT's electronic system had no similar backup carrier, though it might in the future ... [MORE - VERY INTERESTING] chicagotribune.com Do you believe this??? Didn't media hype a couple of weeks ago, how financial markets are 99% ready for Y2K??? Oh, I forgot ... except for possibility of electric grid or telecom failures ... which are beyond our control ... LOL - Wonder if they have back-up generators? Cheryl :-)

To: Hawkmoon who wrote (93)	8/14/1999 1:30:00 AM
From: C.K. Houston	Read Replies (1) \| Respond to of 662

Ron, [WCOM] MCI WorldCom - Fri Close : +2 9/16 Why is media still silent about this outage?? I thought CBOT was fully operational today. CNBC talked about CBOT's Thursday power outage ... and still not a peep about CBOT's electronic trading system still not functional.. Why???????????? MCI WorldCom Network Still Troubled After 8 Days Updated 2:21 PM ET August 13, 1999 NEW YORK (Reuters) - Long-distance phone company MCI WorldCom Inc.'s high-speed data network continued to suffer problems Friday, idling the Chicago Board of Trade's (CBOT) electronic trading system and disrupting service to thousands of businesses for more than a week. MCI WorldCom's network problem began eight days ago due to a glitch in software provided by Lucent Technologies Inc. The outages affected about 15 percent of MCI WorldCom's network and an estimated 70,000 customers such as the CBOT, Internet service providers, banks and other businesses that rely on high-speed frame relay networks to exchange large amounts of computer information in short and frequent bursts. The CBOT, the largest U.S. derivatives exchange, said Friday its electronic trading system, Project A, would remain shut until Sunday night when the exchange moves to its backup system indefinitely. "Market users worldwide depend on Project A around the clock and MCI WorldCom has let them down for one full week. As a result of MCI WorldCom's failure to deliver on their promises to me early last week, the CBOT is pursuing all available remedies," CBOT President Tom Donovan said in a statement. Another customer, a major U.S. retailer, said MCI WorldCom's network service began to come back during the middle of this week only to grind to a halt again Friday morning. "Things started to get better, but there was some failure overnight and now we are in worse shape than ever," said one MCI WorldCom customer who declined to be named. The customer said the network problems prevented him from communicating with distributors, other company locations and his clients. "I've never seen a network outage last a week. If they had been more clear in the beginning about the extent of the problem or their ability to handle it, we could have made other contingency plans. But now we're just going with day-by-day information and that's not helping," the customer said. Clinton, Miss.-based MCI WorldCom said the network is now stable, but problems arose last night during some network maintenance. That instability may have made service problems worse for some customers, but service quality should improve today, said MCI WorldCom spokeswoman Linda Laughlin. The company said it continues to restore service to customers and to talk to clients one-on-one about the problems and any potential compensation. MCI WorldCom's outage followed a similar problem at AT&T Corp. last year. AT&T and other companies such as Qwest Communications International Inc. said they have gained customers this week as some disgruntled MCI WorldCom clients searched for new service providers. greenspun.com <"But two days later, on Thursday evening, some 275 Project A* workstations in Paris, Tokyo, London and the United States were knocked out."> techstocks.com Cheryl 139 Days until 2000* WHY THE SILENCE? Market manipulation. Crash appears imminent to me. Just a matter of time. Sooner than later.