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

To: Howard Clark who wrote (5662)	5/6/1999 3:36:00 PM
From: Jim Stanfield	Respond to of 9818

To all, Greenspan did mention y2k this morning in his speach. Some of the question and answer portion was covered by CNBC this morning. He was asked what he thought of the progress being made, and while not minimizing it totally, he did express a feeling that things were looking better than they had a year ago. He does see some disruptions as inevitable. All in all, a typically neutral stance. Just as he was starting to get into the topic, CNBC broke away. Jim

To: Howard Clark who wrote (5662)	5/7/1999 8:18:00 AM
From: flatsville	Read Replies (1) \| Respond to of 9818

See what I mean...Was this a brilliant statement to make or what? (I had forgotten about the asteroid...) Thursday May 6 4:37 PM ET Greenspan: Robbers Pose Y2K Threat Full Coverage Year 2000 Problem WASHINGTON (AP) - Federal Reserve Chairman Alan Greenspan is not worried that the world's financial markets will come crashing down because of the Year 2000 computer problem. His fear is more basic - a rash of robberies spawned by people keeping too much cash lying around. In a speech to a Chicago audience, Greenspan worried that the news media will so dramatize the dangers of computer system meltdowns on Jan. 1, 2000, that the fears will affect the real economy. ''I know the evening news is going to play it as though we are looking at an asteroid which is about to hit us,'' said Greenspan, who is married to NBC News reporter Andrea Mitchell. Greenspan said he is concerned that people will become vulnerable to robbers who see an opportunity to get their hands ''on real cash.'' Eventually, he said, Americans should see through any media hype and realize there will be no major breakdowns. ''I am sure that people will get very wise very soon and recognize that the last thing you want to do is draw inordinate amounts of currency out of the banks,'' Greenspan said. ''The safest thing to do is to keep your money in the bank where it is going to be the safest.'' ----------------------------------------------------------------------