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

To: Cheeky Kid who wrote (4298)	3/4/1999 12:51:00 PM
From: 91fxrs	Read Replies (1) \| Respond to of 9818

Show me in the senate report where the word bump is used. Bennett's words were comforting, but the report he released today was less so. nt.excite.com The committee's interim report on the global Y2K situation found potentially serious problems, particularly overseas. Although most government agencies and major industries are expected to have upgraded their computer systems in time for the millennium date change, several industries are lagging, particularly the health care field. An estimated 82 percent of doctors' offices have not tested their equipment for possible Y2K problems. Military officials, anticipating possible satellite blackouts and other turn-of-the-century problems have discussed inviting military officials from all the nations with nuclear weapons into a secure nuclear bunker so they can monitor each others' actions and avoid any possible computer glitch-inspired panic, Bennett said. Many sectors of the U.S. economy could be hurt by Y2K glitches, even after they have completely upgraded their systems. The U.S. financial system is expected to be thoroughly prepared for the new year, but it is entwined with other computer systems that may not be. The pharmaceutical industry is considered fairly up-to-date in its upgrade efforts, but it relies on raw materials from overseas to create 80 percent of its medicine many of the products from underdeveloped countries that could suffer severe disruptions in their financial services and infrastructure. This sounds like a bump to me alright. Richard