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To: John Pitera who wrote (40511)	5/12/1999 1:17:00 PM
From: Jorj X Mckie	Read Replies (3) \| Respond to of 86076

John, Interesting on the pipeline shutdowns due to Y2K. Not reported, but I know for a fact, that 3 of the major oil companies had pipelines shut down that took a number of days to reopen. I am seeing something completely different (this is not hearsay). I am seeing Y2K remediation budgets re-allocated to IS/IT budgets. This is in both commercial and government organizations. Two oil companies that I have visited recently, openly discussed how to move the money from one budget to the other. I can only assume that this means that the Y2K problems have been dealt with for the most part and that the fears are exaggerated. I do think that the market will start to freak out based on Y2K fears, but I don't believe that they will end up being as substantial as many fear. Of course, this is based on personal experience and so may be skewed by a limited sample. JXM