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To: Ken98 who wrote (81448)12/29/1999 8:26:00 AM
From: IceShark  Read Replies (1) | Respond to of 86076
 
I think anyone with half a brain has to agree with the article. While NASA is not exactly flying high these days, I found it quite telling that they were about to scrub the space shuttle launch because they didn't want the bird up come January 1. And this mission was hugely important seeing as how Hubble has been shut down for almost 2 months. You know how long people wait to get time on that thing?

This morning the news reports say that the airlines are canceling most (all?) flights after about 4 pm on the 31st - supposedly due to lack of demand. I guess that could possibly be the truth, but tell me why the CBOE installed 4, count 'em - 4, backup generators 'cause they don't trust ComEd to deliver juice? -g-

P.S. PW just put a cool 1,000 price target on QCOM. Based on a hundred or two hundred times 2001 earnings or revenue or something or another. -g-



To: Ken98 who wrote (81448)12/29/1999 9:26:00 AM
From: flatsville  Respond to of 86076
 
Ken--Yourdon certainly knows IT metrics, but I don't buy his 10 year depression scenario. His skills as an economist are suspect.

Yes, it certainly will be a bigger deal than the public has been lead to believe. The large majority of Americans could well wake-up to plenty of hot water for their showers on the morning of 01/01/00 and this could still be a disaster. People seem to discount/ignore/forget? the fact that 25% of our GDP is based on foreign trade. (We're to believe that the New Global Economic pair-o-dimes that brought us to NAZ 4000 don't apply to the downside of the equation...or so I've heard.)

It won't be TEOTWAWKI...it may feel like it if you're in one of the many wholly unprepared and badly unremediated localities (think D.C., the most glaring example) or you find yourself suddenly and indefinitely unemployed within a few weeks/months due to systems problems.

Financial markets are a confidence game. I think "confidence" is about to take a big hit.