2000: Y2K Civilized Discussion Message Board

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Technology Stocks : 2000: Y2K Civilized Discussion

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To: Hawkmoon who wrote (111)	8/13/1999 3:43:00 AM
From: Ken	Read Replies (1) of 662

Ron-does this report disprove your advice that "Y2K IS TOTALLY MENTAL"? <Half of Large U.S. Firms Say They Will Not Have All Mission-Critical Systems Compliant on Jan. 1 year2000.com If half do, half won't. This is a press release from Y2K WIRE (Aug. 10). * * * * * * * * * * * Fewer Than Half of Major Firms Anticipate Full Year 2000 Compliance in Critical Systems by Year's End . . . Fewer than half of America's largest companies (48 percent) expect all of their critical systems to be prepared for the Year 2000, according to a new survey by Cap Gemini America, Inc., an information technology and management consulting leader. One in five companies (18 percent) expect that 75 percent or less of their critical systems will be "completely tested and compliant" by December 31, 1999. Thirty-six percent expect between 76 and 99 percent of their applications to be ready for Year 2000, and two percent anticipate completing work on 50 percent or less of their systems. . . . According to the Cap Gemini America report, the percentage of top managers planning to take charge of Year 2000 "crisis management centers" rose from 62 percent in May to 84 percent - an increase of 35 percent. Such centers - dedicated to addressing potential problems relating to the millennium date change - are now planned by 96 percent of respondents, up from 85 percent last quarter. All respondents report an increased focus on business continuity efforts over the last quarter. Business management is bolstering its Year 2000 role in other ways besides taking charge of crisis command posts. The percentage of major corporations now "potentially likely" or "very likely" to sever ties with non-Year 2000-compliant suppliers of services and products rose from 87 percent to 92 percent over the past quarter. Firms "very likely" to stop doing business with non-compliant partners leaped from 21 percent to 36 percent since May -- a 41 percent increase. . . . [It is a 71% increase.] Independent verification and validation (IV&V) - the process used to check the quality of renovated code - has emerged as standard industry practice, the Cap Gemini America survey shows. Nearly nine of ten major firms (89 percent) rank their need for IV&V services as "high," a 71 percent rate of increase from 52 percent last December. "Many firms handled much of their Year 2000 work in-house, and now recognize that their results need outside verification," said Woodward. "IT executives want to show top management that the job was done right." . . . .

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