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Technology Stocks : Y2K (Year 2000): Is Wall Street & Banking Vulnerable?
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To: flatsville who wrote (71)7/19/1999 9:33:00 AM
From: flatsville  Read Replies (2) of 158
 
An excellent find from John Hunt posted to impact board:

internetwk.com

<snip>

>>>Some companies are finding out about the weak links the hard way, according to a survey published in May by Y2K services vendor Cap Gemini America. Of the businesses that have experienced Y2K failures during the last year--about 72 percent of all of those surveyed--more than a third said the problem broke their supply chains.

That percentage likely will rise over the last six months of 1999, because intercompany links are less frequently tested than internal applications and networks, said CAP Gemini vice president Noah Ross. Although in-depth testing and validation is standard procedure at most IT organizations, many don't have the time or resources to test every combination of transaction that may occur across hundreds of trading partners, Ross said.

<snip>

But in many industries, such as manufacturing, large companies frequently rely on specialized vendors for customized parts that cannot be easily replaced by another supplier. AG Communications, for instance, relies on manufacturers of one-of-a-kind electronic components.

"If the chain breaks there, there's nowhere else to go," Babler said.

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There are some real gems in this one.

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