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


To: C.K. Houston who wrote (429)11/13/1997 3:17:00 PM
From: John Mansfield  Read Replies (1) | Respond to of 9818
 
Situation in Europe - a reason why are we lagging in awareness

In German enterprise culture it is still very difficult for employees
to really say to leaders (e.g. CEO etc) that they are completely wrong
(especially among the older people). And most high level people do not really understand english very good (you have to understand: in a german bookshop you only see german books; some english tucked in a corner); on TV all is in German (syncr of english stuff). Same goes for France. :-(((

In smaller countries (Netherlands, Belgium, Switserland, Scandinavian countries), this is totally different. All english is subtitled (e.g. CNN); almost only english books on informatics, business etc.

The more I think about it, the more I see that the current difference in
awareness (english speaking vs. non-english speaking) is PRIMARILY A LANGUAGE PROBLEM. (and: in france they used to have the 'minitel'; this a predecessor of internet - but all in french of course). So france is still much behind in internet access; one of the primary ways for raising awareness.

Any thoughts?

John



To: C.K. Houston who wrote (429)11/13/1997 3:54:00 PM
From: C.K. Houston  Respond to of 9818
 
SEC chief urges advisers to prepare for year 2000

WASHINGTON, Nov 13 (Reuters) - Securities and Exchange Commission chairman Arthur Levitt ..... EXCERPT

His concerns come as many regulators, lawmakers and business leaders warn that unless modifications are made, at midnight on December 31, 1999, the vast majority of computer systems may not be able to distinguish the Year 2000 from the Year 1900, which could cause chaos in the financial services arena.

Late last month Levitt issued the same warning to the nation's securities firms and transfer agents.

In his most recent letter, he told advisers to begin discussing year 2000 issues with their customers. ''Advisers that are not confident that they will perform smoothly during the transition have an obligation under the securities laws to inform their clients,'' he said.

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