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To: J.B.C. who wrote (401)12/21/1998 4:19:00 PM
From: R. Martenson  Read Replies (1) | Respond to of 2390
 
The operative word is 'panic' selling. 'Panic' anything has no
relavence to facts. You correctly point our your
district may be up to speed. Recently, a water supply facility failed their computers in a simulation and found out raw sewage ended up in the water supply as a result. I suspect similar parallel efforts to
call suppliers in China, Asia, South America, Mexico, and Russia
will be slightly less sound. All major market tragedies are fueled
by unsophisticated panic. Enough hype in the market place (which already
has occurred ) will plant the seed that 'should' just one major
supplier fail causing just one major corporation economic distress, every fly by night advisor will emerge from the wood work and tell people to hoard just to be "safe". Nothing based in reality can stop that, and once a world wide rumor begins it is difficult to stop.

By the way, I have never been a 'victim' of the press.
I make my own mistakes in judgement all by myself.



To: J.B.C. who wrote (401)12/21/1998 6:52:00 PM
From: R. Martenson  Read Replies (1) | Respond to of 2390
 
Y2K strikes again...Europe. I bet if you call your favorite airline,
they will be the last to tell you about this one. Again, Bill Clinton's woes are minor compared to this.

" BRUSSELS (Reuters) - The British airport operator BAA Plc recently did some experiments to learn how the 2000 computer bug might strike. One involved turning the clock forward and putting a baggage-handling system to
work.

The result? ''It failed to recognize the bags and sent all the bags down the 'mis-sort' chute,'' said Jim Brophy, BAA's Year 2000 program director.

In other experiments, smart cards used to control airport access did not work with 21st century dates and a control board failed to recognize fire alarm signals, Brophy told reporters... "