Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Hunt who wrote (8282)	8/22/1999 10:27:00 PM
From: Jeff Mizer	Respond to of 9818

Hi John if electric & mail go well for most part I predict a 6 due to global economic impact alone- however if either of those have major trouble then all bets are off. Look around your house people.... what is MANUFACTURED in USA ? The way this nation went from manufacturing base to service and sales base over last 25 years has made easy recovery from global trouble impossible. Jeff

To: John Hunt who wrote (8282)	8/23/1999 1:10:00 AM
From: Lane3	Respond to of 9818

You must have greater confidence in Slick and his boys than I do. My goodness, no! Confidence has nothing to do with it. It's just that the Navy scenario is so utterly commonplace in the bureaucracy that it doesn't seem suspicious to me. Karen

To: John Hunt who wrote (8282)	8/23/1999 6:34:00 AM
From: John Hunt	Respond to of 9818

Edison power outages nothing new at Tenneco << In frustration, Kilpatrick finally dispatched some of his own team members to physically trace the Com Ed wires and identify the problem. The conclusion: tree limbs in many areas were touching power lines and causing shorts. Even then, Kilpatrick said, "we had to badger them somewhat. Ultimately they did come out, they did do the things that should be done. . . . As a result, this year we've had only one or two blinks in the power system." But to be on the safe side, regular inspection of the electrical lines is part of the job description of one of Kilpatrick's staff members. Com Ed's apparent inability to solve a seemingly routine problem has Kilpatrick dreading Jan. 1, when it will become apparent which computer systems have been upgraded to read "00" as the year 2000, not 1900. "I have absolutely no confidence that ComEd is going to manage Y2K. That's based on my experience with these folks." >> ... full article at ... chicagotribune.com Maybe the customers will have to go and tell Com Ed how to fix the Y2K problems as well.

To: John Hunt who wrote (8282)	8/23/1999 6:48:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 9818

Portfolios: EM Debt Mgrs Take Ecuador In Stride But Y2K Looms << Others weren't so sure. "The market is remarkably holding, but I don't know for how long" said Fulvio Dobrich, fund manager at DePfa USA, New York "Ecuador is inconsequential in the overall scheme of things, but when one sets a precedent it starts concerning the market. People are going to be assessing whether they should be switching out of Latin America." Ecuador's proposal to "defer" $94 million in Brady bond coupon payments due Aug. 31 comes just as the emerging debt market, like others, is beginning to focus seriously on the potential for systemic glitches when outmoded computer clocks tick over to the year 2000, he noted. "There is this gorilla out there," Dobrich said. "There are too many uncertainties." There is a measure of confidence among investors that possible Y2K bugs are being weeded out in U.S. and other OECD data systems. But developing nations are "absolutely more vulnerable." Even in the U.S., "people are not going to know the nature of the Y2K problem until October or November," Dobrich continued. "Some banks have told their leveraged clients that they will have to provide documentation that they are Y2K compliant" to keep credit lines. "That shadow is still over the whole market," he concluded. "I don't see this (emerging debt market) going up much. I don't see the technical upside" for emerging markets debt. >> ... full article at ... economeister.com