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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: P. Ramamoorthy who wrote (8135)11/28/1997 9:21:00 AM
From: BM   of 13949
 
Canadian initiative on Y2000

[Note - CIBC, the Canadian Imperial Bank of Commerce, is one of Canada's largest banks]

CIBC'S YEAR 2000 DIRECTOR RESIGNS TO LEAD CANADA'S YEAR 2000 NATIONAL PROGRAM OFFICE

OTTAWA, Nov. 27 /CNW/ -

Joe Boivin, Director of CIBC's Year 2000 program has resigned in order to become Director of The National Millennium Foundation, the newly formed National Year 2000 Program Office in Ottawa.

The National Millennium Foundation (NMF), a non-partisan, non-profit
organization, will be fully operational in January, 1998. The NMF is
dedicated to developing and exporting national-level solutions to the Year
2000. Currently it is supported by the voluntary efforts of a group of Year
2000 experts. ''There is an urgent need to focus and co-ordinate Year 2000
efforts on a national and international scale. All levels of government and
regulatory bodies need to work together or the job simply won't get done.
Our children's future is in jeopardy if we don't give Year 2000 the utmost
priority'', Joe asserts.

One of the objectives of the Foundation is to create a monthly report
that tracks the Year 2000 activities of our national infrastructure.
''Even if this tracking tool can only approximate what is being accomplished
it will be a very useful mechanism to have when organizations are formulating
their risk management plans for Year 2000'', states Doug Lagasse, the Director
of Research for the Ottawa-based Year 2000 Research Group Inc., one of the
founding members of the NMF. Hugh Carter, CEO of Curis Consulting, also a
founding member, regards the Foundation as a ''much-needed catalyst for anyone
who still doubts that Year 2000 is a serious problem''.

A vision statement and list of objectives is available.
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