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Technology Stocks : Discuss Year 2000 Issues

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To: John Mansfield who wrote (693)	12/14/1997 7:13:00 AM
From: John Mansfield	Read Replies (3) of 9818

Y2K-GERMANY - 'Computerwoche: German government departments are not aware of bug' Found on C.S.Y2K; thanks to Lars Hinrichsen! John ------------------- ' >The following article appeared in a newsfeed my company gets. >Has there been a discussion in this ng of what could happen to a >country if they simply can't afford >to fix their systems (I guess this would mean Government >departments rather than companies)? I'd like to refine that question : What about a country who's government doesn't realize the problem? The german IT weekly journal "Computerswoche" stated a few month ago that german government departments are not aware of bug. The Department of Finance (DoF) expects that there will be no tax flow within the first months of 2000. Never the less they are not acting against it. There has also been an announcement that the DoF is not prepared for the EMU. In contrast to the Y2K the EMU can be shifted. They will be EMU complaint 2005. On the other hand the german government forces the economy (esp. the banks) to be fully prepared for the EMU in 1999. The State Department is on the way to proof whether there could be any impact on german nuclear power plants. They are expecting the result of that study mid 1998. I guess it will take at least six more month to start fixing the problems found. As we all know the market for IT ressources is overrun. IMO it will be fairly impossible to find capable programmers next summer. It is also very hard to believe, the analysis of bugs found next year will cover most of the hidden time bombs. It is not only a problem of money. The risk of the Y2K is much higher than its costs. But you have to think about it. It's a pitty that one of the economical most powerful countries does not work on the problem because of ignorance. Regards, Lars Lars Hinrichsen'

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