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To: RagTimeBand who wrote (969)	10/29/1998 1:20:00 PM
From: Paul Berliner	Read Replies (1) \| Respond to of 3536

Brazil and Y2K: (excerpted from link in previous email. Yardeni is analyzing a global survey of telecom companies conducted by Merril Lynch. Brazil is mentioned towards the end of the paste.... >>>In Japan, the analyst observes that "electric power companies are pretty much on their own in tackling the Y2K issue. They report that MITI, which oversees electric utilities, has not come up with any special guidelines or test standards to meet as of this writing." Among other Asian nations, Pakistani, Malaysian, and Chinese electric utilities appear to be least prepared, according to ML. Telecommunications: According to the ML survey, the one and only noncompliant standout in telecom services in the world is Brazil's Telebras. Why didn't any of the other ML analysts consider the possibility that a disruption in phone service in Brazil might have an adverse consequence on their companies that do business in the country. The ML analysts in Japan provided only three short paragraphs on their companies, noting that NTT was "lucky" to change headquarters three years ago, so it is ahead of its competitors. A recent US state Department Survey showed that roughly half of the nations in the world are not moving fast enough to fix their phone systems. go to yardeni.com and use the 'find in page' tool on the phrase 'global telecommunications survey'