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

To: Investor-ex! who wrote (1855)	5/17/1998 12:49:00 AM
From: jwk	Respond to of 9818

yeah, good to know it's just an amusing annecdote and that no y2k induced incidents could leaving us with similar results!

To: Investor-ex! who wrote (1855)	5/17/1998 3:29:00 AM
From: Investor-ex!	Respond to of 9818

The pessimists pause to analyze the optimists' refutations of the pessimists, all in one place, with lots of links: prepare4y2k.com

To: Investor-ex! who wrote (1855)	5/17/1998 5:43:00 AM
From: John Mansfield	Read Replies (1) \| Respond to of 9818

[JOURNALISM] The Boston Globe : I plead guilty to journalistic incompetence' '... Robert J. Samuelson is an economics reporter in Washington. BYLINE: By Robert J. Samuelson DATELINE: WASHINGTON BODY: I plead guilty to journalistic incompetence for ignoring what may be one of the decade's big stories: the year 2000 problem. Among technical types, it's shortened to the Y2K problem and refers to the dangers of computers that can't recognize the new century. Economist Edward Yardeni of Deutsche Morgan Grenfell rates the odds that it will trigger a deep recession at 60 percent. He fears something ranking with the 1974-75 slump, the second-worst since World War II. ... We in the press have not taken this seriously. In my ineptness, I have plenty of company: The New York Times, The Wall Street Journal, The Washington Post (until recent weeks), Time, Newsweek, and Business Week, just to mention a few news giants. Despite occasional stories, we haven't portrayed this as a truly threatening development that may not be "fixed" on time. Our failure amplifies the larger lapses of political leaders. President Clinton and Vice President Gore love photo ops with students at computers. But they've virtually neglected the Y2K problem. As a result, many agencies lag badly in converting their computers. The Federal Aviation Administration's air-traffic control network has 250 computer systems, using 50 computer languages with about 23 million lines of software code. It didn't begin taking the Y2K problem seriously until mid-1997. By early 1998, less than half the system was converted. The FAA claims it will be fully ready by mid-1999; the General Accounting Office is skeptical. ... Among private companies, readiness also seems spotty. The head of General Motors's information systems recently told Fortune magazine that the company is working feverishly to rectify "catastrophic problems" at its plants. ... But Y2K may matter much more than Microsoft. I lean toward alarmism simply because all the specialists I recently contacted - people actually involved with fixing the computers - are alarmed. And everyone believes progress abroad is slower than in the United States. ... web.lexis-nexis.com