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From what I understand the countries that got hit didn't have a warning system in place because it's extremely expensive.
Did find this on CNN:
"Although National Oceanic and Atmospheric Administration scientists at the Pacific Tsunami Warning Center in Hawaii issued tsunami warnings as soon as they heard of the huge earthquake off Sumatra, the waves outran communications at jet speeds of 500 mph (804 kph) - catching hundreds of thousands of people unaware."
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