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

To: Todd J. who wrote (652)	12/10/1997 10:33:00 AM
From: Bill Ounce	Read Replies (1) \| Respond to of 9818

Asia may not have cash to beat year 2000 bug From nando.net KUALA LUMPUR (December 10, 1997 09:11 a.m. EST nando.net) - Asia's currency crisis may have pushed aside another worry that the region will have to rush to resolve as the decade draws to a close -- the "millennium bug" that threatens computer systems worldwide.<P> "There are some parallels at the moment with the economic problems of some countries and the Year 2000 (bug)," said David Tickner, Digital Equipment Corp's Year 2000 program manager.<P> "There's every likelihood that the currency crisis will prevent budgets being spent on 2000," he said.<P> Asia has been racked with a fall in the value of its currencies since the summer, with devaluations hammering once-robust economies throughout the region.<P> At least half a dozen Asian countries have seen their currencies plummet to historic lows as financial and property crises scuttled economic growth prospects, sending investors to the exits. [...] Asia has seen both the best and worst of preparedness in the battle against the bug. Some governments -- Singapore, Malaysia -- have taken an activist role in promoting awareness of the problem and goading the private sector into solutions.