Y2K (Year 2000) Stocks: An Investment Discussion Message Board

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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: Ed Mulhall who wrote (1443)	10/28/1996 11:22:00 PM
From: Philip H. Lee	of 13949

Lack of Y2k attention is dumbfounding. Article excerpt: Computer Weekly, August 29, 1996 You would have thought that by now the year 2000 problem would be crystal clear to IT managers, their immediate powers-that-be and any supplier worth its salt. Wrong. The simple truth is that a problem that could ruin the reputation of many IT managers and departments still remains a mystery to many companies, with others simply opting to dismiss it. Robin Guenier, newly appointed head of Task Force 2000, set up this month by the Government to act as a focus point and an urgently needed catalyst in raising awareness, is very blunt about the severity of the millennium date change problem. "This is the largest and toughest IT project you'll ever have to do," he tells users. "The year 2000 problem is hopelessly inadequately addressed, yet it needs the most serious attention." He is dismayed by the lack of preparedness. Chief executives seem to have no idea of the problem, and IT directors appear complacent. "The sceptics are often the IT people," he complains. Only a few weeks ago he was at a meeting of heads of IT from government departments to discuss major IT issues. "The year 2000 wasn't even on the agenda," he recalls. "There was some discussion over coffee, but no one wanted to talk about it. So I put it down as a breakout session for the afternoon. It drew an audience of eight: the other 82 went to the session on vendor performance to moan about the likes of Andersen." Philip

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