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Technology Stocks : 2000 Date-Change Problem: Scam, Hype, Hoax, Fraud -- Ignore unavailable to you. Want to Upgrade?

To: Cheeky Kid who wrote (769)	5/31/1998 7:57:00 PM
From: jwk	Read Replies (1) \| Respond to of 1361

Sire -- It has become plainly obvious that one of the main tactics of the people hyping the no-problem line is to create a strawman target by arguing against the most extreme purveyors of doom and gloom. While that group is certainly out there, there is also a huge middle ground of concern which does not require the system to totally self-destruct in order for there to be signifcant cause for concern and action ahead of time (which is rapidly running out anyway). MOST THINGS WILL WORK ON 1/1/2000. That is not the issue, and finding all sorts of references as to what isn't wrong doesn't help get the job done of determining what will go wrong.

To: Cheeky Kid who wrote (769)	5/31/1998 8:58:00 PM
From: jwk	Read Replies (1) \| Respond to of 1361

Re: Trains This is from the briefing column of the 5/30 business sction of the Denver Post. Haven't found a url for it, but it is a Bloomberg story. It is just one more example of the complex interdependency on which our basic infastructure relies. As we have discussed here before, this computer based problem was anticipated for over a year in advance and huge resources were thrown at it in an environment were all other support systems were functioning adequately. How much more problematic might this situation be if there were scattered glitches throughout the entire system while they were (are) trying to fix it? How many customers, who have no computer problems themselves, have suffred losses because of a problem totally beyond their direct control? What good does it do anyone to constantly point to what probably isn't going to go wrong when virtually everything is ultimately at risk if we cannot absolutely ensure that the supporting infastructure will be glitch free? **Union Pacific to Report Quarterly Loss Union Pacific Corp. shares fell 2.5 percent Friday after the largest U.S. railroad surprised analysts by warning it will report a second-quarter loss as track congestion persists and shippers' claims mount. ........(price) fell $1.25 to $48.75 in trading of 5.07 million shares, more than four times the three-month daily trading average. ........ The warning followed the company's much-publicized efforts to untangle a rail logjam that's hurting revenues and boosting costs, including claims from angry customers with delayed and lost shipments.** (Bloomberg)