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To: equalizzer who wrote (1145)5/16/1999 12:59:00 PM
From: Ted M  Read Replies (1) | Respond to of 1530
 
That is an interesting perspective. The USA is King. The Millenium Bug (book) says the same thing. Short term our markets are vulnerable to scares worldwide so I don't expect immediate benefits when other countries stumble, but as long as our 'damage' is minimal we should get some great buying opportunities.

On the other hand, I would think our economy is more technologically driven than most if not all other countires so while the percentage of tech firms addressing the problem is probably higher here than in other countries the real question is what percentage of our economy will be affected by the bugs than other countries. We may be more vulnerable than it appears relative to other countries. As always I'm just theorizing.. I'm really going this time.
Thanks for the input. Ted




To: equalizzer who wrote (1145)5/16/1999 1:42:00 PM
From: Madeleine Harrison  Read Replies (1) | Respond to of 1530
 
Foreign investors have far more reason to be
concerned about their Y2K problem than we do


A member of my immediate family works for a $14B research
and technology corporation that has seen Y2K remediation
contract work increase explosively. They have chosen to
focus on projects outside of the US because of the
massive ramifications to the US economy.
(This concern is not entirely altruistic, as they are one
of the largest US gov't contractors in the
States, and they know which side their bread is buttered on..)

Apart from the resulting foreign investor money you mention,
we are likely to see some other ramifications that are not
so pleasant, such as higher prices on imports. Fuel is one
that springs to mind; when the world's second largest oil
company in the world is years behind in Y2K remediation and
has faint hope of timely catch-up, what will happen when the
pumps aren't pumping and the tankers aren't aren't sailing
and the payroll for thousands and thousands is in disarray?
Should make for some fascinating geo-political shifts as
we seek oil elsewhere, not to mention revolution in
certain Latin American areas.

BTW, on that 9999 glitch, an executive at my ISP said
some Internet switches across the country have already
experience minor hiccups on 9th days of the month this year.
You heard anything about this?
-Madly