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Technology Stocks : Discuss Year 2000 Issues

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To: Lane3 who wrote (8788)	9/24/1999 9:40:00 AM
From: C.K. Houston	Read Replies (1) of 9818

U.S. Companies Confident On Y2K Compliance -- Poll September 23, 1999 NEW YORK (Reuters) - American corporate executives do not expect substantial technological problems to arise from the changeover to 2000, according to a survey released Wednesday ... Rubin Systems Chief Executive Howard Rubin said the survey illustrates the confidence of corporate America. Rubin said most companies had contingency plans in place in case of computer failure, including ones that could not completely finish the overhaul of their computer systems. The survey also found that 56 percent of corporations polled now expect all of their critical systems to be fully compliant by year's end, up from 48 percent in August. ``The critical importance of addressing the year 2000 challenge has really succeeded,' Rubin told a telephone news conference. infoseek.go.com+glitch+y2k&sv=IS&lk=noframes&col=NX&kt=A&ak=news1486 Gee - what great news! 56% will have critical systems fully compliant by year-end ... only 44% won't. Very small sampling in survey, so it's really not statistically significant, IMHO. But I got a kick out of the disconnect between the optimistic headline and confidence of corporate executives in light of this 56% figure. Cheryl 98 Days until 2000

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