2000 Date-Change Problem: Scam, Hype, Hoax, Fraud Message Board

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Technology Stocks : 2000 Date-Change Problem: Scam, Hype, Hoax, Fraud

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To: Bill Wexler who wrote (453)	2/12/1998 11:51:00 PM
From: David Eddy	Read Replies (1) of 1361

Bill - <sigh>... here we go again There is absolutely zero evidence which suggests the "y2K" problem is as widespread, expensive or destructive as some people make it out to be. I suppose that Chase/Chemical Bank publically stating in the '97 10K that they guesstimate to spend $200 million is because they're the sole NYC financial institution with a Y2K issue? What about BankBoston publically stating they expect to spend $50 million over three years? What about the SEI CMM ratings (granted primarily of DoD/govt organizations) of 600 software organizations that shows 60% are still at Level I (close to chaos)? I'd assume that each of the primary services has far more than 600 software development operations. And then we've got the Fortune 1000... What about a financial institution spending $34 million to add a single digit to its product code?... 12 years ago when things were simple & PCs were glorified paperweights. What about the fact that as of 1995 only 15% of MVS shops had even purchased a software configuration management product? What about Capers Jones long standing research (long before Y2K) that show that big projects are late, late, late. I'll grant you that some shops are on top of the game & have indeed replace old custom systems with newer packages, but there are 12,000+ MVS sites globally & they clearly aren't all CMM Level III. I forget... have you ever made your living as a programmer in a production shop? Ever worn the firecall beeper? - David

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