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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Roger A. Babb who wrote (5301)9/13/1997 12:30:00 PM
From: Stephen D. French   of 9285
 
Re: year 2k hype:

CNET Special Feature: 8
myths about the
millennium bug
By CNET STAFF
September 12, 1997, 3:45 p.m. PT

special feature Boosters of information technology,
flush from the cost savings and increased
productivity they attributed to computer systems
and high-tech automation,
took it right in the solar
plexus when a report
surfaced that global
expenditures for fixing the
millennium bug could be as
high $600 billion. Media
outlets, including CNET'S NEWS.COM, began
exploring arcane issues such as the renewed
demand for COBOL programmers and the legacy
mainframes that will spit out incorrect data and
make Social Security checks bounce.

What exactly is the vulnerability of computers and
databases going to "00" in the year 2000? Will
driver's licenses not get renewed, the IRS's systems
crash, or airplane traffic control collapse? The
myths have really gathered a lot of momentum, and
CNET's special feature on the misconceptions
behind the millennium bug devotes an objective
look at the various cost estimates, the critical
systems that will likely enter the next century
unscathed, and software that's prone to failure. In
addition, check out the clips from CNET TV's
"Crash of 2000" special. The clock is ticking, and
expensive solutions promise to manage the
madness, but before you buy that, analysts, techies,
and programmers gave CNET the word behind the
hype.

news.com

related news stories


Profiting from the Year 2000 bug September 12,
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IRS to overhaul its system August 15, 1997

$280 billion seen for millennium fix August 10,
1997

Prepping for the millennium bug's bite July 9,
1997

Shortage of millennium bug fixers seen June 24,
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Wall St. plans year 2000 tests May 2, 1997

Banks warned of millennium bug May 1, 1997

Year 2000 looms over Fed April 16, 1997

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