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

To: Cheeky Kid who wrote (142)	4/20/1998 3:49:00 PM
From: C.K. Houston	Read Replies (1) \| Respond to of 888

Glad you posted that year-old article (Jan '97): "Now, let me propose a real heresy to the Y2K zealots. The market for Y2K products may be shrinking instead of increasing. Think about it. Y2K problems have already been seen in some organizations and have been solved. fool.com GIVES US A CHANCE FOR A"REALITY CHECK". *A short list of what some companies and governments will spend on Y2K:* City of Corpus Christi: $10 million, Source: Corpus Christi Caller Times Aetna: $95 million, Business Today State of Maine: $12 million, Business Today U.S. Government: $4.7 billion, Government Computer News/OMB BankBoston: $75 million, Business Today Citicorp: $600 million, Reugers Filenes Basement, $6.9 million, Boston Globe Union Carbide $50 million, Reuters Continental Airlines, $12 million, Reuters Chase Manhattan Corp., $300 million, American Banker Fleet Financial Group, less than $150 million, American Banker NationsBank, $120 million, American Banker J.P. Morgan & Co., $250 million, American Banker BankAmerica Corp., $380 million, American Banker General Motors, $500 Million, Wall Street Journal Columbia/HCA Healthcare, $60 million, Atlanta Business Chronicle Amoco Corp., more than $100 million, Atlanta Business Chronicle Atlanta's Life of Georgia, $3.5 million, Atlanta Business Chronicle Credit Suisse Group, $330 million Istituto Bancario San Paolo di Torino, $56 million, Reuters. Houston Industries, $155 million, Dow Jones News Service No company has DECREASED their budget. The ONLY company I have heard publicly say their Y2K problem has been solved, has been READERS DIGEST. LOL If you know of any others, please post. Cheryl

To: Cheeky Kid who wrote (142)	4/20/1998 3:54:00 PM
From: jwk	Read Replies (1) \| Respond to of 888

Sire -- I remember that Fribble. It's a good benchmark to gauge what has and hasn't happended with the y2k situation in the last year. Notice embedded chips weren't even mentioned. No doubt a lot of the early hype and gloom overplayed certain parts of the problem. Eliminate all the hype and a steady, clear-eyed gaze over the y2k landscape still reveals plenty to be concerned about. I suppose one of the things that a thread like this might do is to help sort hysterical hype of reasonable precautions. Don't know if you are old enough to have ever experienced one of our urban situations from various past social problems, but people in large groups with an attitude and a sense of urgency combined with an element of fear, uncertainty, stress, anger, and even some rage can drastically alter human behavior for the worse. And, it can do it very quickly. As I keep stating. My interest is in considering how things like addtional stressors and uncertainty my trigger negative responses by people who are already at or near their emotional limits in just dealing with the day to day shit that goes on in moderm life even when everything is functioning reasonably well.