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Technology Stocks : EURODOLLAR - SOFTWARE GOLDMINE

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To: James Strauss who wrote (9)3/7/1998 1:53:00 PM
From: Sal D  Read Replies (3) of 124
 
Jim the same kind of data error that fouls up mainframe computers also appears in embedded systems the computer chips that that control all kinds of machines, including elevators, ATMs and traffic signals.

According to Giga Information Group in Cambridge, Mass.
The good news is that probably only 5% of these embedded chips are date sensitive and thus subject to Y2K failure.
The bad news is there will be an estimated 25 billion chips at work on the planet on Jan. 1, 1999.

Millions of chips must be tested and, if necessary, replaced. When faced with a date beyond 1999, a non compliant computer system may shut down, or worse, the system may continue operating but give out inaccurate information.

Two major banks that are ahead of the game to become Y2K compliant are BankBoston(BKB) and First Union(FTU).

The Standish Group International, a consulting firm in Dennis, Mass. estimates that US companies will spend a total of 440 billion on Y2K problems.
Joe
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