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Technology Stocks : Y2K (Year 2000) Personal Contingency Planning -- Ignore unavailable to you. Want to Upgrade?


To: Bill Wexler who wrote (40)4/14/1998 8:56:00 PM
From: Alan Lee  Read Replies (2) | Respond to of 888
 
Bill, you once posted a link on the zit thread to a source of YAK milk - you might want to post it here so's all the good people on this thread can lay in a supply, since they will probably have a hard time finding their way to the store on ....

The Day the World Loses Its Bearings ...



To: Bill Wexler who wrote (40)4/14/1998 9:51:00 PM
From: Roger A. Babb  Respond to of 888
 
Bill & other naysayers, hold off a bit and let's hear what these folks have to say. Could lead us to some good investment ideas. If enough people buy into this problem, there will be a market reaction even if y2k does turn out to be a non-event. Maybe we can get a clue as to what some of these reactions might be.



To: Bill Wexler who wrote (40)4/16/1998 3:13:00 AM
From: James Baloun  Read Replies (3) | Respond to of 888
 
I'll keep this short.

As an engineer I am trained to analyze systems. Here is why Y2K immediately got my attention:

-Involving all complex, world wide, interconnected systems with countless hardware, software, and embedded system nodes.
-Involving all small scale stand alone systems and nodes.
-Random probability of some node failures as a function of time.
-Potential chaotic cascade failure from a single node failure.
-Potential multiple system failures in a short period of time.
-Potential to cause major disruptions.
-Not enough time to repair all systems.
-Reported by many independent sources.

All of this is far in excess of any original system design or risk analysis, or any standard operating procedure. There is simply no precedent for this kind of threat.

Much is being done, but not enough. Many are ignorant. Hyperbolic statements are made. Some are taking advantage. Everything will not fail at once. Most systems may not fail. The public will wake up and over-react.

Yet the threat is real
and logical
and is not a hoax
by one or two opportunists.

I have no comment on stocks or investments. I am taking what I consider to be prudent action, including pulling out my 401K. I will grant as some wish and not waste any more time on these threads. Stock jockeys must understand all that affects the market, including us bottom feeding consumers. Some of you guys are so in-bread in your ravenous pursuit of the market, that you have lost touch with the bigger picture, and us who don't know how and don't want to play the game. You really live in a different world, yet here we are, unwilling partners in a grand experiment.

P.S.
I tried out SI to say thanks for the threads, my month is almost up. I posted a comment, only to be lynched as a 'survivalist-looney-biblethumper' by Mr. Wexler and told to 'go farm pigs' by Jumper (a real gentleman). Mr. Wexler makes many very intelligent contributions to the SI threads. It is too bad he has to respond with insults to anyone with a different point of view. Such negativity only causes bad feelings and is a waste of time...

>>>
Interesting that the survivalist-looney-biblethumper contingent has picked up on the Y2K hoax.

This doesn't surprise me at all though. You can always count on the most ignorant and illiterate segments of society to blow the mundane out of all proportion.

Bill Wexler
<<<<

...Don't belive me? Then take a vote. How many SI members think Mr. Wexler is a JERK!

Thanks,
If nothing else, it was a learning experience.
James



To: Bill Wexler who wrote (40)7/12/1998 1:15:00 AM
From: john e vanden biesen  Read Replies (1) | Respond to of 888
 
If this is mundane how do you think government will function?For example: Medicare/medicade sends 1 BILLION payments a year 50 mil
lines of code assesment phase not done.Social security 30 mil checks
a month 33 mil lines of code been working on it for 10 years with
27 mil lines to go.FAA is scrapping its 10 1980 main frames because IBM says they wont work past 1999 And they wont support them.FAA
plans to start complete replacement in middle of 1999.Could they be
up by 2003?IRS is toast real concern is no refunds in 2000.Defense department is toast,3 billion lines of code assesment phase not done.
How well will an ageis or aircraft carrier function.How many imbedded
systems on a abrams tank,f-16,cruise missle,blackhawk.I am sure that nukes have imbedded systems what is a nuke to do when its chip
tells it that it hasnt been maintained in 100 plus years?

I am buying staples.Rice,beans,oats,wheat,sugar,salt,mucho spices and seasonings,rock salt to salt pork and beef,gas generator,200 gal.
lamp fuel,500 gal gas, oil lamps,non hybrid seed corn and beans.
canning supplies ,medical supplies,foxfire book series.

Hope for the best but plan for the worst.My grandmother lived through
both world wars in germany the stories she tells would make YOU think.

JOHNV.