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Technology Stocks : 2000: Y2K Civilized Discussion

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To: John Hunt who wrote (434)8/28/1999 1:49:00 PM
From: John Hunt   of 662
 
German intelligence agency says millennium bug threatens "complete breakdown"

<< Text of report by the German news magazine `Der Spiegel' on 9th August

The millennium bug has become globalized through the international vagabond nature of hardware and software. A study by the Federal German Intelligence Service (BND) from this spring assesses the worldwide efforts to thwart the data loss worst case scenario as follows: "function failures up to complete breakdown can be expected almost everywhere". Of the estimated 80bn computer chips worldwide, 800m have not been tested. Ninety-three per cent of all personal computers made before 1997 or which have older chips in them are considered at risk. >>

... cont'd at ...

cnnfntech.newsreal.com

These guys get the award for 'most negative Y2K outlook of the week'.
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