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

To: John Mansfield who wrote (1904)	5/24/1998 3:34:00 PM
From: John Mansfield	Respond to of 9818

[YARDENI] 'Subject: New Y2K REPORTER on Dr. Ed's Econet 'I was very disappointed with the G8 response to Y2K. But I will give them the benefit of the doubt until mid-June. Around that time, the OMB will release its 5th Y2K progress report for US agencies. If it is as bad as I expect, I'll most likely raise the odds of a global recession to 75% from 60%. Worse yet: My number one concern is now that some mission-critical military systems in the US and Russia will most likely malfunction in 2000, with unknown and unpredictable consequences. (BadaBum, BadaBOOM?) Moving from first place to second is the supply of electricity. My third concern is telecommunications: Last week's telecom blackout demonstrates how much can go wrong when just one satellite malfunctions. BTW: I am pleased to see that Steve Forbes has made Y2K a campaign issue. His aide told me I had some influence on his decision to do so. My new Y2K REPORTER (#21) is at yardeni.com. Below is an outline of the subjects. 1. G8 Responds To Y2K: Declaration Of Urgency, Not Emergency. Missing Is Action. 2. Deep Impact: Ellie (a.k.a., Extinction Level Event). Y2K Now A Campaign Issue. 3. Is DOD DOA? Ellie At DOD? Critical Flaws. Top Secret. CIA Issues Warning. 4. Fortressing: Bullish On (Some Of) America. Barbarians At The Gate. 5. The Root Cause Of Y2K: In Tech We Trust. High Is Low. Mismanagement 101. I hope you've had a chance to use my new Y2K DISCLOSURE DATABASE. It is a searchable compilation of the Y2K statements in the 1997 annual reports for the S&P 500 corporations. I'll be updating the list with the first quarter statements soon. You can link to this new free service at yardeni.com. Please forward this message as appropriate. Dr Ed