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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Susan who wrote (2451)	9/8/1997 7:03:00 PM
From: Clayleas	of 31646

<Yahoo has just announced (Reuters) a major story on concern of Swiss banks (BIS) that banks worldwide are not facing the y2k problem.> I was actually pleasantly surprised to see a reference to embedded systems in this article about banking systems. Anybody know if banks have embedded systems? Monday September 8 2:54 PM EDT BIS Tells Banks Tackle 2000 Computer Challenge Now By Peter Nielsen BASLE, Switzerland - The Bank for International Settlements (BIS) today said the change of millennium was the biggest potential challenge for the financial industry and called for urgent action to ensure all computer applications could handle it. The bank to the world's central banks said failure to address the issue in a timely manner could cause banks to experience operational problems, bankruptcy or disruption to financial markets. The Basle Committee on Banking Supervision, the BIS-based body that groups banking supervisors from the Group of 10 (G10) leading economic powers, has set up a six-point action plan to help small and large banks tackle the issue. "The Year 2000 issue is potentially the biggest challenge ever faced by the financial industry. Every automated system including equipment with computer chips embedded inside is potentially at risk and must be analyzed and renovated or replaced if needed," the Basle Committee said in a statement... yahoo.com Jim

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