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Technology Stocks : 2000: Y2K Civilized Discussion

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To: flatsville who wrote (233)8/14/1999 8:19:00 PM
From: C.K. Houston  Read Replies (1) of 662
 
Thanks for the link. This is getting pretty serious when they have to shut down the entire frame-relay network. I sincerely hope they have it fixed by Monday.
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MCI WorldCom Says Frame-Relay Network Will Be Down 24 Hours For Repairs

Clinton, Mississippi, Aug. 13 (Bloomberg) -- MCI WorldCom Inc., the No. 2 U.S. long-distance telephone company, said a U.S. frame-relay network will be taken out of service tomorrow as it tries to fix trouble plaguing the system for eight days.

MCI WorldCom said service will be cut off to all customers using the network. Non-customers won't be able to access Internet servers if they are located on the network and don't have back-up network connections, the company acknowledged. ...

Linda Laughlin, MCI WorldCom spokeswoman, declined to say when the problems will be solved. Lucent said it is working around the clock with MCI WorldCom fix the glitch ...
bloomberg.com
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MCI-WCOM SEC Y2K Disclosure:
"The Company achieved year 2000 compliance for the majority of its mission critical systems, including network and customer interfacing systems, on or before March 31, 1999. The remaining mission-critical systems, and non-mission critical systems, are targeted for compliance by June 30, 1999, with full deployment of the remediated solutions throughout the Company's network targeted for completion by September 30, 1999."
greenspun.com
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CBOT turns to Plan B for Project A
The very unhappy Chicago Board of Trade management decided Friday to switch to a backup system for after-hours trading because of continuing problems with the data network supplied by MCI WorldCom Inc.

"Altogether, we've lost about four full days of trading."

Electronic trading accounts for only about 5 percent of the CBOT's business, but it amounts to about 45,000 contracts a day, which is significant, said Gallaway ...

The backup system, which will begin operations Sunday night, essentially moves communications normally carried on the MCI data network to the public switched voice network.

Beginning Sunday evening, some traders will be at their terminals in the Board of Trade, available to take phone calls from traders in London, Tokyo and other financial centers. Also, the CBOT will supply software to traders around the world so they can use computers with modems to call into the CBOT network and execute trades that way ...

Software and hardware upgrades in the data network have been under way for the past six months, she said, and technical experts suspect they are related to the system glitches.
chicagotribune.com
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