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To: bob who wrote (9047)1/18/1998 11:14:00 AM
From: Superhawk  Read Replies (1) | Respond to of 31646
 
"Money" magazine's emphasis on Y2K in their latest issue is great,
but their track record of predicting trends is somewhat suspect.

For example, last May, about a month before Asian markets began
to unravel, they headlined a feature story: "How to cash in on the
Asia boom: Every investor today ought to take a hard, close look
at the dazzling promise of the Pacific Rim. Here are four gateways
to earning spectacular profits in the world's fastest-growing
economies."

They further extolled the "economic miracle taking place today
around the Pacific Rim" and asserted, "No investor today can
afford to ignore the opportunities the Pacific Rim offers."

About a month later the Thai bhat crashed, and the rest is history.

I don't wish to diminish the favorable Y2K media attention. I just want
to caution that Wall Street probably doesn't pay too much attention
to opinions propounded in "Money" magazine.



To: bob who wrote (9047)1/18/1998 11:51:00 AM
From: Peach  Read Replies (2) | Respond to of 31646
 
Bob,

What I am about to relate may not qualify as good enough for this thread since I cannot specifically name the city involved, but I can state that it is a real life embedded system event.

Last week I attended a Y2K state task force meeting that was attended by representatives from state agencies, colleges and universities, and major cities in my state. I represented my state agency.

A man representing a city told how they had planned to shut down a power plant for regular maintenance and decided to do all their Y2K embedded system work at the same time. They had done thier homework to the best of their ability. First, they did the regular maintenance work. Then they replaced all embedded systems that would have a date problem in year 2000. They advanced the date. Then they fired up the power plant. It ran perfectly.....for 20 seconds. The engineers began the frantic search for the offending embedded system. FINALLY, they found a sensor on the inside of the very top of the smokestack! Its purpose was to determine if the smoke was coming out at the same time it came out yesterday (or something like that - sorry, I'm fuzzy on the exact test). Anyway, the sensor thought the last time was in 1900!

IMO, this is indicative of the many things that can happen even when we think we are compliant. I shudder to think what will happen to our infrastructure on that fateful day.

Norm