Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: DAVE WALL who wrote (11932)	2/24/1998 7:27:00 PM
From: E	Respond to of 31646

Here's part of a letter to the editor of the Financial Times. It's about general y2k concerns, not specifically embedded chip, so skip it if you don't think this stuff is as interesting as I do-- "...For 18 months, up to December...I led the Year 2000 service line for Deloitte Consulting worldwide. I have seen dozens of y2k projects in some of the largest companies in the world. Most companies had not finished analysing the extent of the risks they faced or the cost of repair or protection. In every case, estimates increased as the risks became better understood. Forecasts of the impact of problems are based on survey answers by companies that have not finished their estimates, provided by managers who underestimate the problem. ..Will the limited resources be focused on ensuring that power, water, transport and food ar are available and that emergency services continue to operate? Will there be serious and long-lasting infrastructure failures? No one knows, but there is a substantial risk... [Here there's a plea to delay Emu--JM] ...You write in another context [Asian crisis] 'This is a world of panic. Once panic begins, each investor rationally wants to escape before all the others.' In the run-up to the end of the century, against a background of increasing computer system failures, what assets will investors want to hold? How soon will the rational investor want to escape? Martyn Thomas..."