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

To: John Mansfield who wrote (2375)	8/5/1998 6:57:00 PM
From: John Mansfield	Read Replies (1) \| Respond to of 9818

'All of the panelists, that I saw, were in favor of a rapid approval for the "Y2K Information Disclosure Act". _____ 'Date: Tue, 4 Aug 1998 16:19:27 +0100 To: year2000-discuss@year2000.com From: "Y2K Maillist (Via: Amy)" <amy@year2000.com> Save Address Block Sender Subject: Sighting: Sen. Bennett and Telco Industry Leaders on C-SPAN Reply-To: year2000-discuss@year2000.com Date: Sun, 2 Aug 1998 17:34:53 -0700 To: year2000-discuss@year2000.com From: Ron Blaise <informed@oknext.com> Subject: Sighting: Sen. Bennett and Telco Industry Leaders on C-SPAN Friday, I saw the last 2/3 of a C-SPAN presentation in which Sen. Bennett and his Y2K Committee saw testimony from the Telecommunications Industry. I only saw the last two panel, however, here is a summary: Senator Bennett was concerned that the Telcos (along with other businesses) are painting "too rosy" a picture, with respect to their company's Y2K readiness and overall compliance. He contends that this "rosy" picture is being painted due to the fear of possible legal reprisals against said companies. FCC Defense Commissioner Michael Powell stated that the FCC will continue to step up its commitment to ensure that the national and then international telecommunications infrastructure is intact. He relayed that his office has had numerous meetings with the Telco companies and the Dept of Defense to ensure that the national infrastructure goals and needs are met. Additionally, he stated that they have also had meetings between the FCC, the Telcos and the large end users (FedEx, UPS and Sears) to ensure that they would not suffer any loss of service. All of the panelists, that I saw, were in favor of a rapid approval for the "Y2K Information Disclosure Act". Which apparently, Sen. Bennett is revising now and will attempt to get it passed into law during this session of Congress. (This act should apply to all businesses and will hopefully greatly assist us in assessing Y2K compliance of our external vendors).