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

To: Cheeky Kid who wrote (4261)	3/2/1999 6:33:00 PM
From: flatsville	Respond to of 9818

So Mitch gave up his economics argument for the time being I see. I guess after he got his butt kicked by numerous people including me (for using US data to refute a global argument, using it incorrectly, not knowing the name of the economist he was parroting, shall I go on?...) he decided to take a different tack for the moment. Mitch states: >>>He (Yourdon) put forward a thesis, I responded with an antithesis -- after all, *opinions in economics are like Camaros, everyone has one.* Yourdon's opinions are not widely shared by economists, which I pointed out.<<< Opionions in economics are like Camaros, everyone has one? Sorry Mitch...can't follow that line of reasoning. Camaros? Geez! So Yourdon's opinions are not widely shared...Only one economist called the Great Depression while only one newspaper warned it's readership of the impending crisis...Just because people refuse to see what may lay ahead doesn't mean the obstacles aren't there. The only thing "awsome" about zd is how awsomely "stupid" they are to pay this guy to write this tripe. Gotta know that IPO/stock price thing is bothering them. <ggg> "flatsville" P.S.--Jennifer Yourdon who is in fact a "trained" economist did a pretty good job raking him over the coals. She skewered him on some the same points I made to him directly as well as in csy2k. She did a much more thorough job. I'm certain he's out getting professional help for round three...Otherwise he doesn't stand a chance...Trust me.

To: Cheeky Kid who wrote (4261)	3/2/1999 7:41:00 PM
From: NickSE	Read Replies (1) \| Respond to of 9818

SEC warns brokers on Y2K March 2, 1999: 2:10 p.m. ET WASHINGTON (Reuters) - Federal regulators Tuesday stepped up pressure on securities brokers who have not taken steps to fix the Year 2000 problem in their computers, warning that regulators may start closing firms in October. In the proposal, the Securities and Exchange Commission called for brokerages to provide evidence of their progress on compliance or face closure. The agency set a 30-day comment period for the proposal. Major securities markets, firms and clearing houses have already begun preparing for 2000, which threatens to cause miscalculations, unexpected errors or system crashes, by conducting tests of their systems. The securities industry is "clearly on track," said SEC chairman Arthur Levitt. "The firms and exchanges are actively testing their systems and are also developing detailed plans to address unforeseen issues. The rules proposal would codify a broker-dealer's existing obligation to be operationally capable and ensure that the Commission has the tools necessary to find and close any gaps in readiness that may still exist at the end of the year. Only a very few firms are expected to be shut down, primarily those already "out of the game," said Bob Colby, deputy director for the division of market regulation. cnnfn.com