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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: wl9839 who wrote (15313)	5/16/1999 8:00:00 AM
From: wl9839	Read Replies (3) \| Respond to of 22640

DJ Brazil Govt Will Oblige Firms To Pay For Y2K Bug Damages Dow Jones Newswires RIO DE JANEIRO (AP)--The government will oblige Brazilian computer manufacturers and sales outlets to pay for any losses caused by the millennium bug known also as Y2K bug, a newspaper reported Saturday. Justice Minister Renan Calheiros said makers and sellers of electrical goods since 1995, when the bug was common knowledge, would foot the bill for damages, reported the O Jornal Do Brasil daily. "If they knew the risk of the bug, then nothing is fairer than for them to be responsible for the losses caused by their products," Calheiros was quoted as saying. Manufacturers and sales outlets should correct problems or at least warn consumers of them, he added. Experts say the start of the year 2000 will send computers haywire because they will read the final two digits and interpret the year as 1900. Some computers can be reprogrammed but many have embedded microchips that need to be replaced.