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Technology Stocks : Discuss Year 2000 Issues
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To: John Mansfield who wrote (2215)7/22/1998 12:35:00 AM
From: John Mansfield  Read Replies (2) of 9818
 
'The incidence of year 2000-related failures increased
from 7 percent in December, to 37 percent in April, to
40 percent this month. Types of failures included
processing disruptions (87 percent), financial
miscalculation or loss (62 percent), logistics or
supply-chain problems (44 percent), and customer
service problems (38 percent).

The percentage of companies that underestimated year
2000 costs increased from 82 percent to 87 percent
since December, and only 2 percent described their
cost estimates as "on target." And more companies are
falling behind schedule.

techweb.com
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