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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration
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To: Patrick who wrote (3309)10/2/1997 10:23:00 PM
From: David Eddy   of 10903
 
Patrick,

I was left with one question no one was able to answer: if two digit year codes have not caused problems for all of those born in the 1800's (my grandmother was born in 1898 and passed away only recently but she never received negative annuities, or had any other problem)

One simple explanation is that systems that deal with birthdates most often do use four digit years (FOR THE BIRTHDATES). Given that when particularly the earliest of pension/annuity systems were built many of the inhabitents had birthdates in the 1800s, dealing with four digit birthdates (and the processing around them) was just designed in from the very beginning.

But a lot of other business transaction processing systems (manufacturing, billing, order processing, inventory control, etc) deal with goods with considerably shorter "lives" than people, therefore two digit years (absolutely 100% valid business justification to save storage space & processing time) are the norm.

Look at it this way... a couple of years ago I heard the CEO of State Street Bank say that for every transaction on the US stock markets, an additional 25 transactions would be generated. That's a LOT of transactions, so when you can shave a few characters here & a few microseconds there (remember you're dealing with millions of transactions on just a nightly basis even in a single organization like State Street) it adds up to getting thru a humongous daily workload.

Does that help?

David
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