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To: Bobby Yellin who wrote (27813)2/6/1999 7:40:00 AM
From: John Hunt  Respond to of 116837
 
Y2K Could Worsen Asian Crisis

<< According to the Y2K report in the January 1999 edition of Business 2.0, with the exception of South Korea, 50% of Asian companies will suffer at least one mission critical system failure at the turn of the millenium. In most countries the number is closer to 66%.

In Japan two to three million person-months of labor will be required to alleviate the bug on an economy wide basis. 98% of the software found in China is pirated. This includes software found in most government offices and state-owned enterprises. This severely limits any technical support that might otherwise be available. Even if Asia starts pulling out of recession in 1999, Y2K is probably going send it back to square one. -- cont'd -- >>

biz.yahoo.com

Hi bobby,

A news article on Asian compliance ... Also has a link for a Y2K database to search by company name or symbol.

I know what you mean about Japanese earthquakes ... I ran a computer retail business for 10 years and watched in amazement (and ate more than a few outstanding quotes to our government customers) when memory prices soared overnight after an earthquake shook up some of their semi-conductor manufacturing plants.

Regards,

John