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Technology Stocks : Discuss Year 2000 Issues

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To: flatsville who wrote (6804)7/20/1999 12:10:00 PM
From: Technologyguy  Read Replies (3) of 9818
 
Yes. We have publicly available, independent auditing of compliance of our computer systems and embedded systems. We are currently over 95% compliant and heavily into contingency planning. We are in constant contact with suppliers of key services, including electricity, telecom, and financial services. We take this problem extremely seriously and have spent a boatload of money to remediate our systems.

That's part of my point. I am not a pollyanna--Y2K is a deadly serious problem, but we are taking it very seriously, have already had a number of systems pass early Y2K milestones without incident, have in-depth dealings with a broad array of suppliers and are devoting resources to contingency planning. So is every other significant organization I deal with. If we hadn't devoted these resources, we would have been in big, big trouble. But we did, and so have all our significant suppliers. Even so, we are stocking up on various important supplies, including fuel. But that's an insurance policy for an eventuality I believe will not occur. I do recommend that individuals and companies evaluate their personal situations and take actions appropriate to their needs and concerns, but some of the outlandish comments on this thread--data all for each of our consideration, though not always particularly useful ;-) --with totally unsubstantiated claims, such as the supposed construction of nuclear fallout shelters by our political and industrial elite, beg a rational response.
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