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GDXJ 108.90+4.2%Dec 9 4:00 PM EST
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To: Edmund Lee who wrote (46494)1/1/2000 10:08:00 AM
From: lorne  Read Replies (3) of 116804
 
OT. Y2K danger extends beyond 1st day of year
Japan. Yomiuri Shimbun

Those concerned about Y2K computer malfunctions will not necessarily be able to heave a sigh of relief once Jan. 1 has safely passed.

Several other dates are lurking with a threat to unleash mayhem in computer systems.

The Y2K bug could start biting in earnest Tuesday, when most of the nation's companies return their computer system to full operations as they resume business.

Another danger zone is the change of fiscal year when corporations and government offices settle their accounts--with March 31 marking the end of the current year and April 1 the beginning of the new business year.

To make matters worse, this year marks a special kind of leap year that falls only once every 400 years.

A leap year usually falls in years divisible by four, but years that end in "00" are not usually treated as such. However, years that end in "00" and are also divisible by 400 are treated as regular leap years. Thus the year 2000 will see 29 days in February.

It is feared that computer systems that have not taken this principle into account could break down on Feb. 29.

The following is a list of red-flag days for potential Y2K problems:

-- Jan. 4--the first business day of the year.

-- Jan. 31--the end of the first month.

-- Feb. 29--the final day of February in a leap year.

-- March 31--the end of fiscal 1999.

-- April 1--the beginning of fiscal 2000.

-- April 3--the first business day of fiscal 2000.
yomiuri.co.jp
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