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


To: flatsville who wrote (4384)3/8/1999 5:20:00 PM
From: Cheeky Kid  Read Replies (1) | Respond to of 9818
 
Impact of Y2K wildly off

thestar.com

>>>The difficulty for investors is trying to figure out, amidst all the doom and gloom, which companies are really affected by Y2K and which are simply grabbing at a convenient excuse for crummy performance.<<<



To: flatsville who wrote (4384)3/14/1999 9:11:00 PM
From: Hawkmoon  Respond to of 9818
 
My father last took a ship through the Panama Canal sometime in the late 1960s. If I recall correctly it took most of 3 days to go through the locks. It was a cumbersome, time consuming, and somewhat nerve racking process from what he described. Large ship, narrow canal, little sleep. Not a place you want to have one or more unremediated, stalled ships in transit. I imagine the shipping lanes approaching the canal from both ends will start to resemble parking lots come December.

Actually, they resemble a parking lot even now. When you fly over the Pacific and Caribbean entrances, you can see dozens of ships lining up for their turn.

And you are quite correct that the Canal Commission seems to be unwilling to have any ships in transit over the 2000 turnover. But again, it should not be construed as a problem with the canal systems, but as you mention, worry over unremediated shipping traffic breaking down and clogging the Culebra Cut or the dregged shippling lanes in Gatun Lake.

Thanks for that follow up. As folks can see, I'm still catching up on recent posts.

Regards,

Ron