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Technology Stocks : Discuss Year 2000 Issues
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To: John Mansfield who wrote (1780)5/13/1998 4:27:00 PM
From: John Mansfield  Read Replies (2) of 9818
 
[EXECUTIVE ORDER]

'
...
On October 3rd, California governor Pete Wilson issued an
executive order calling for a moratorium on new IT development
in the state, until the various state agencies can make their
existing systems Y2K-compliant (which they somehow have to
do with "existing resources" !?!). Unfortunately, we didn't
happen to see this item until after Time Bomb 2000 went into
production, so it's not in the book. It turns out that New York
governor Pataki issued a similar executive order on July 2nd; you
can find it at the New York Y2K Web site. It's not clear
whether this has helped much: as of Nov 20, 1997, NY State
Comptroller Carl McCall issued a report indictating that zero of
81 state agencies had finished their Y2K compliance studies.
(By the way, if multiple states and the Federal government
impose this kind of moratorium, imagine what impact it will have
on high-tech companies like IBM and Microsoft. We foresee an
even larger aspect of this in 1998, as private companies also
impose a moratorium on new IT work until they get their Y2K
work finished. This could ultimately have an impact on the stock
market and the job market for the high-tech sector.)

yourdon.com
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