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

To: John Hunt who wrote (462)	8/29/1999 2:09:00 PM
From: B.K.Myers	Read Replies (1) \| Respond to of 662

John, No that's me, but that was a very interesting article. I thought some of his predictions were particularly interesting: <<My personal prediction is that we will see one of the strongest holiday shopping seasons ever - probably a record breaker. I think the season will start early, and high ticket items will be big sellers. (I expect a lot of people will take some profits out of the stock market, and use the money to go on a spending spree before the millenium Christmas.) I also expect a few people to withdraw cash from the banks - and it'll burn a hole in their pockets, until they spend it before the year ends - leading to even more holiday sales. Due to heavier than anticipated consumer purchases (especially of camping supplies, winter clothing, hardware, and other items that serve dual purpose as gifts as well as Y2K prep), I expect many stores to sell out to the bare walls, well before the holiday season ends. [Funny, I was planning on giving battery-operated lanterns as gifts. Guess I had better buy them early.] I also expect that beginning in mid December we'll start to see some panic food buying, as food stores start experiencing shortages (combined holiday buying with Y2K panic buying could leave many with shortages.) And finally, I expect that on Christmas Day, the President of the US, and other world leaders will announce a bank and financial market holiday extending through the first few days of the new year - to prevent runs and market collapses. >> I wonder if all of this anticipated year-end buying will result in a classic inventory recession next year. B.K.

To: John Hunt who wrote (462)	8/30/1999 6:04:00 PM
From: John Hunt	Read Replies (2) \| Respond to of 662

Feilder Reports: Japanese Government Did Not Know PC's Are Noncompliant Until Last Week << Try these for a few facts on Japan : 1. The government has had a Y2K campaign running since summer 1998, and have done a lot of the right things, but until last week, no-one had told them that Y2K affected PCs at all. 2. Only one bank has even started checking their PCs 3. In meetings with some of the key PC manufacturers, it became clear that they have NOT tested the BIOS for Y2K issues (just like the US situation in 1997) 4. The Japanese head of disaster and emergency management told me that he thought Y2K was overhyped, and consequently they have not made a contingency plan (although they could modify an existing plan - e.g. earthquakes or war.) 5. The government's own figures, which will be presented in Berlin, whilst very very impressive, are so inaccurate that they verge on being pure imagination. >> Shocking. garynorth.com