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Technology Stocks : Discuss Year 2000 Issues
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To: John Mansfield who wrote (867)1/11/1998 7:56:00 PM
From: BM  Read Replies (1) of 9818
 
Kearney warns Year 2000 problem will close companies

The Toronto Globe and Mail (Jan 7/98)

Hold on to your office chair: The year 2000 computer problem will hit with the force of an earthquake, and when it's over, some companies won't be standing, a consulting firm warns.

A.T. Kearney predicts in its 1998 outlook that some companies will cease to operate rather than make a substantial investment to immunize their systems against the year 2000.

"We shall soon see just how dependent our lives have become on computing," the international consulting firm says in its 1998 Outlook on Global Business Environment and Industry Trends.
But the shakeout will present an opportunity for companies whose computer systems survive the year 2000 test, it says. They will become stronger by acquiring. products, customers and employees from businesses that lacked the will or the resources to fix their systems in time.

Without a costly overhaul, computers will be baffled by the year 2000, interpreting the last two digits as the year 1900 or some random date. A.T. Kearney predicts that the U.S. government will begin a "non-military draft" of specialized programmers to fix Department of Defense computers to and avoid a potential security threat.

In Canada, some companies may not know what hit them. 'Statistics Canada says 60 per cent of businesses he are doing nothing to prepare their systems and only 10 per cent have a formal plan in place.
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