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

To: C.K. Houston who wrote (3433)	1/26/1999 10:41:00 PM
From: Sawtooth	Respond to of 9818

Thanks for the link, Cheryl; most appreciated. ...Tim

To: C.K. Houston who wrote (3433)	1/27/1999 8:35:00 AM
From: flatsville	Read Replies (3) \| Respond to of 9818

Yep Cheryl...That was the part of Gershwin's testimony that produced the involuntary cold chill. Those predicting "bump in the road" status keep overlooking those "global linkages" issues in "those critical sectors that directly affect US interests." I'm certain they think oil comes from the gas station the same way small children think milk comes from the grocery store. And speaking of oil, BHI's research department indicates that working US based oil rigs were at a historic low in 1998 with something in the neighborhood of 500 versus 4500 in place during 1982? the historic high. (BHI has been keeping a rig count since 1944.) It's doubtful that gas will come from the gas station...those damn global linkages again. I vaguely recall someone from CAT testifying before congress last year that if disruptions abroad lasted more than six weeks the corporation was effectively out of business. And if any corporation should know it's CAT given the hit they've taken with the Asian Crisis. Other multinationals have muttered similar statements in SEC documents (KO knows this too)...those damn global linkages again. I won't even go into the status of the chemical industry. My husband is a high priced chemist who may find himself a 14th century alchemist by Feb. 00. Even companies sitting on honkin' big wads of cash will not bleed green to retain employees if there is simply nothing for them to work with, nobody to sell to or no way to get it there. My husband's clients are large multinational pharm. cos. that rely on customers abroad. The pink slips will be a surprise to many people who thought their employer was in good shape for y2k...those damn global linkages again. I can see double digit unemployment should Gershwin's concerns go unaddressed in the next ll mos. A simple persistent recession would be a blessing. Oh yes...just a bump in the road. "flatsville"