Boston Globe, 1/14/1998, p. C3, attributed to Bloomberg News:
"First Call Corp., which collects Wall Street's earnings estimates, has a
flaw in its computers that prevents it from plugging in information for
beyond the start of the new century.... The computer problem is keeping
the investors, bankers, and analysts who rely on First Call from receiving
earnings information, statistical ratios, and analyst recommendations for
the year 2000 or after. 'We just can't get 2000 in our systems'
presently, said Chuck Hill, director of research at FIrst Call, a unit of
Toronto-based Thomson Corp. 'We're rewriting our software now....'
"While First Call anticipates its bug will be fixed soon, there are no
guarantees. The company expects to update its software to recognize
years as four-digit numbers by the end of March, said spokeswoman Faye
Fardshisheh...."
Wade |
