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


To: Joseph E. McIsaac who wrote (2599)9/22/1998 10:02:00 AM
From: flatsville  Respond to of 9818
 
Joseph--Thanks yet again...I'll print and post your answer as a reminder to remain vigilant. In the meantime the best we can do it seems is take a wait and see approach, check the S&P ratings and read those 10Qs. (I read one recently on a elec. utility with large nuclear power plant problems. The y2k portion would have been funny it it weren't so pathetic.) When the feds choose their bank "object lesson" candidates and public whoppins' begin it will be time to sit up and pay attention. Keep us informed when possible. "flatsville"



To: Joseph E. McIsaac who wrote (2599)9/22/1998 10:47:00 AM
From: Ken Salaets  Respond to of 9818
 
Joseph, thanks for the insights. Very helpful.

There will be a number of other "complicating factors" that will magnify the Y2K impact. Case in point:

TOUGH TIMES AHEAD FOR CALIFONNIA ECONOMY
(Source: Computerworld) Fallout from the Asian economic crisis has hit California hard during the past 12 months, and things could get worse, much worse, by the end of next year, according to a new study from the Milken Institute, a nonprofit economic think-tank.
idg.net

Ken