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

To: C.K. Houston who wrote (1134)	3/5/1998 9:21:00 AM
From: C.K. Houston	Respond to of 9818

Power Plants: Already TOO LATE to Start Fixing Y2k Embedded Systems ... =============================================================== Excerpt: "Those who have not yet recognized the embedded systems problems are already too late. It was said to take about 21 months to make one power generation plant Year 2000 compliant. 'The only thing we can be certain about the Year 2000 is that we won't be able to catch everything.' (Speaker with the State Public Power District who opened the meeting The opinion was expressed that complete Year 2000 remediation for a number of utilities is an insurmountable task; therefore, they should just attempt to make the steps necessary to prove due diligence in the court of law Read the entire 4 part series. See bottom of actual article. y2ktimebomb.com PRINT out all articles & highlight key points. This is an EXTREMELY serious issue. Also check out Rick Cowles articles at same site. Rick is *the* Y2K Utility expert. y2ktimebomb.com Last night on WORLD NEWS TONIGHT WITH PETER JENNINGS, it was said that *30% of the utilities are unaware* of the extent or magnitude of their Year 2000 problem. On February 20 the power failed throughout the central business district in Auckland NZ (greater Auckland has 1 mil people). It's almost 2 weeks and power is STILL off. "Two Months!", that's the length of time that businesses in the CBD will be without full power** according to Mercury Energy. - Latest Bulletin: 4 Mar 1998, 9:00pm This spells disaster for even more of the small businesses driven close to bankruptcy by the current power crisis. *When will the U.S. start this kind of contingency planning??* Message 3607795 My "Utility Report" goes into full detail on what's been occurring in Auckland, so you can see first-hand the full impact of large scale power outage over an extended period of time. It ain't pretty. If you would like this report - In Word97 format ONLY: Email me at: Quest@hypercon.com Subject Line: Utility Report Free Word97 Viewer microsoft.com I'll be releasing the report this weekend. If you had contacted me previously to receive a copy, it is not necessary to make another request. Cheryl ______________________________________________________________________ Y2K, UTILITIES, AND THE TITANIC - by Roleigh Martin Why aren't more government agencies warning people to prepare for possible problems? Why is the media generally quiet on this? Consider this. One of my contacts works with some of the heavyweights inside Hollywood, where he has been trying to get celebrities to alert the public on these issues. He has run into some major obstacles ... "The first is 'public panic.' I've been asked 'what is to be accomplished by having everyone running around worried about Y2K failures so early in the game?" "The second is, if the public are made aware that industries (again especially public utilities) are not going to make the deadline, aren't they going to sell their stock in those companies, thus creating a catch 22 scenario, whereas the companies need the funds to carry out their Y2K preparations but won't be able to due to lack of investor support?'" y2ktimebomb.com

To: C.K. Houston who wrote (1134)	3/5/1998 3:27:00 PM
From: paul e thomas	Read Replies (3) \| Respond to of 9818

FIRST MAJOR IMPACT YEAR 2000 PROBLEM The outgoing Chairman of Core States Bank admitted at a shareholders meeting that one of the reasons the bank decided to be bought by a larger Bank was they faced such large costs and problems if the bank had to deal with it's Y2K problems on it's own. This is very significant because Core States had a reputation of being a first class modern bank in the Philadelphia Market.