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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Mr Logic who wrote (17119)5/18/1998 12:45:00 PM
From: Jack Zahran  Read Replies (1) of 31646
 
Excellent Find Patrick, here's an excerpt:

General Motors serves as a good example of how traumatic the situation is. With over two billion lines of code, GM is the world leader in the number of computerized systems. As part of its Y2K program, the company is retiring 1,700 obsolete computer systems. Estimates to eradicate the millennium bug at GM run between $400 and $550 million.

The severity of the problem at the giant auto manufacturer was recently brought to light when the company ran a test with some of its robotic devices. Y2K problems caused the robots to freeze - an act that could shut down the entire assembly line.

Misguided robots aren't the only Y2K threat to GM's assembly line. GM, like its competition, is worried that suppliers who aren't in compliance for the Year 2000 will be unable to provide the company with the necessary components to build automobiles. To put pressure on suppliers, GM and other interested auto manufacturers formed the Automotive Industry Action Group. The goal is to get the message to suppliers that either they become Y2K compliant or they face losing some very big customers.

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