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To: SliderOnTheBlack who wrote (34028)	1/2/1999 9:19:00 PM
From: Snowshoe	Respond to of 95453

Slider, Senator Bennett suggests foreign oil is vulnerable to Y2K problems: PANIC IN THE YEAR ZERO - U.N. plans for global chaos worldnetdaily.com excerpt: The most vulnerable transportation system which may be interrupted is maritime shipping, according to Bennett. "Getting oil out of foreign countries onto ships through customs with all the paper work that is involved with all large transoceanic shipments. And, of course, all of the paper work is controlled by computers," explained Bennett. Ships are computer-operated and must dock in ports that are also computer mechanized. Customs procedures are also dependent on computers to deal with the enormous amount of cargo coming into the country every day. "A breakdown (could occur) in that kind of transportation chain which depends not only on Y2K compliance in this country, but in many countries including the countries that license the ships, and the countries where the oil is produced," Bennett said. "I think the chances of a breakdown somewhere in that chain are probably higher than the single digits, and that could create some interesting and challenging economic difficulties." Seems like this would be an incentive for the U.S. to maintain high crude and gasoline inventories in 1999.

To: SliderOnTheBlack who wrote (34028)	1/3/1999 12:50:00 AM
From: Fredman	Respond to of 95453

this is why i say, any PC maker that can fill Corporate orders (BIG Corporate orders) of PC's SHOULD make a LOT of $$$$$$$$$$ this year, as there are still a ton of companies out there that are still on X86/win 3.1 These companies HOPEFULLY have decided to upgrade. So the Big PC makers, and MSFT of course, will stand to make A LOT of $$$$$$ this year.

To: SliderOnTheBlack who wrote (34028)	1/3/1999 10:09:00 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

Slider: Y2k plus the incredible overvaluation for large cap "nifty-fifty" and internet stocks are the primary reasons I expect the major averages to drop at least 30% from their probable spring peaks. Next fall will be another great buying opportunity IMHO, but there will be blood in the streets before the bottom is in. Economist Ed Yardeni -- correctly and wildly bullish for many years -- expects the market to drop 30% even if the Fed cuts rates a lot further. I expect the OS stocks to hold much better than the overall market, but they are unlikely to buck the trend unless oil prices rise quite sharply -- especially if we get the nice first quarter run many of us anticipate. To give an idea of how absurd valuations have become -- AOL and Yahoo have a combined market cap of about $100 billion. Probably greater than the entire OS industry. :