  We give counterexamples to the Brown-Colbourn conjecture on reliability
polynomials, in both its univariate and multivariate forms. The multivariate
Brown-Colbourn conjecture is false already for the complete graph K_4. The
univariate Brown-Colbourn conjecture is false for certain simple planar graphs
obtained from K_4 by parallel and series expansion of edges. We show, in fact,
that a graph has the multivariate Brown-Colbourn property if and only if it is
series-parallel.
