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Technology Stocks : Year 2000 (Y2K) Embedded Systems & Infrastructure Problem -- Ignore unavailable to you. Want to Upgrade?

To: John Mansfield who wrote (119)	2/23/1998 9:21:00 PM
From: DD™	Respond to of 618

Y2K Business Week Article.. businessweek.com Excerpt.. "Indeed, what makes Year 2000 particularly vexing is that it affects both stand-alone computers and the embedded processors built into all sorts of modern equipment, from automated factory equipment to power plants to cars to cellular telephones. Last fall, Phillips Petroleum Co. engineers ran Year 2000 tests on an oil-and-gas production platform in the North Sea. The result: In a simulation, an essential safety system for detecting harmful gases such as hydrogen sulfide got confused and shut down. In real life, that would have rendered the platform unusable. Similar problems can occur in almost any sort of modern manufacturing that involves sensors and ''smart'' machinery. ''There will be facilities where they go in and turn on the machines and they won't go on,''says Dean Kothmann, head of the technology division at engineering firm Black & Veatch, the world's largest provider of power plants." DD

To: John Mansfield who wrote (119)	2/24/1998 2:18:00 AM
From: John Mansfield	Read Replies (3) \| Respond to of 618

2/23/1998 latest Y2K Reporter of Dr. Ed Yardeni New On Dr Ed's Econet (only for subscribers). 'COMMENT: The latest inflation reports support my view that inflation is dead. The bond yield should fall to 5% later this year. While I believe that the days are numbered for the bull market in stocks, I'm still bullish on stocks for the next few months. However, some stock prices could tumble if companies pre-announce earnings disappointments related to the Asian Crisis during the last two weeks of March. Business Week ran a big cover story on the Year 2000 Problem this week. It was a good survey of the issue, but I disagree with the predictions of only a 0.5 percentage point cut in real GDP growth, a rebound in inflation, and tighter Fed policy. I think Y2K could cause a recession and deflation, with the fed funds rate tumbling to 3% by 2000. SUBSCRIBERS: In my latest issue of the Y2K Reporter, I blast the administration's new Y2K Conversion Council. I also predict that a Y2K explosion will blow up Al Gore's bridge to the 21st century. He is more likely to swim in the River Kwai than to sit in the White House in 2001. The Brits are preparing contingency plans for major Y2K disruptions. There is some good news on Y2K, but not enough. Why are the CIOs leaving at the FAA, IRS, and DOD?' _______________________ From: Ed Yardeni <yardeni@ix.netcom.com> <Picture: Save Address> <Picture: Block Sender> X-Mailer: Mozilla 4.0 [en] (Win95; I) MIME-Version: 1.0 To: econews-recipients@x86.webcom.com Subject: New On Dr Ed's Econet