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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: Jeffrey S. Mitchell who wrote (344)	5/10/1997 8:36:00 AM
From: Gerald Underwood	of 10786

Jeff, Always appreciate your very articulate posts. I believe that you are probably one of the main posters of informed information on the Alydaar thread. Of the many companies I have researched in y2k arena I find that one stands out for their attention to the EURO and has already set about securing some of this important business. That is Alydaar. I posted the following on the y2k thread regarding my research on this theme in general. Although this is not actually y2k, it is similar in many respects. The main difference is it does not have an absolute locked in deadline. As such, it will serve as a significant extension of the y2k conversion effort. Preliminary estimates indicate that the Euro conversion will take 9-12 months for a medium size company, 18-24 months for a large company and 36-48 months for large banks and corporations. Some of the countries involved have already made pleas for extension of the Jan 1, 1999 effective start date. The conversion of the EURO will be a much more involved effort than the technical one of y2k. I have run across several good reference points in this effort as follows: techweb.com amue.lf.net xs4all.nl Estimates for this conversion have approached $100 bil which would be in addition to Y2K. A dutch development institute specializing in EURO and y2k solutions strongly recommends not to combine y2k and EURO conversion in software releases. Generally delay in Euro conversion is expected in specific countries. For example estimates are that 45% of UK banks will not be finished in time. UK is reported to be behind the US by about six months and the rest of europe behind the UK by an additional 6 months in y2k efforts. Where does all this point. It would lead one to speculate that there will be a lot of work done on the EURO beyond the year 2000. Y2k work which will cause massive bottlenecks in the EURO effort. And we all know which one will be given the priority. Of those vendors who are anticipating working beyond y2k, I have given special attention to those who are actively preparing for the EURO conversion. This is a conversion that may well extend beyond the 2002 projected completion date for the EURO transition. Alydaar is ready for this business. They have established offices in several overseas European countries including U.K. and are progressing their smart code to accomodate this conversion. Would like to know what your thoughts are on this subject. Best Regards, Gerry

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