Year 2000 (Y2K) Embedded Systems & Infrastructure Problem Message Board

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Technology Stocks : Year 2000 (Y2K) Embedded Systems & Infrastructure Problem

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To: John Mansfield who wrote (528)	7/22/1998 4:45:00 PM
From: John Mansfield	Read Replies (3) of 618

'Small firms shun Y2K bug Inability of small businesses to confront problem could hamper economy July 2, 1998: 9:45 a.m. ET Justice Dept. To Let Securities Firms Compare Y2K Notes - July 2, 1998 Bellcore Tackles Year 2000 Problem Head On - June 30, 1998 Canada - 90 Percent of Small Businesses Unready For Year 2000 - April 23, 1998 Small Business Administration More related sites... NEW YORK (CNNfn) - Small companies are particularly vulnerable to the Year 2000 (Y2K) computer bug, yet many business owners are ignoring the problem, according to the Small Business Administration. Unlike larger public and private organizations, which have task forces working to resolve the Y2K issue, many small business owners seem unfazed by or even unaware of the problem, the SBA reported. The Y2K bug could result in major computer malfunctions due to an inability to handle the calendar change to the year 2000. ... The inability of small businesses to cope with the Year 2000 bug could have far-reaching economic effects, added Alvarez. "The collective health of America's 23 million small business is one of our economy's vital signs. When small business is disrupted to a significant degree, the effects ripple throughout the economy," Alvarez said. To counter the problem, the SBA has undertaken a national public awareness campaign to alert small businesses to the risks associated with the Year 2000 computer problem. A small business may be vulnerable to the problem either through its own computer system or through frequent and critical exposure to outside entities -- such as customers or suppliers -- with their own Y2K problems. A company could also be susceptible through the malfunction of machinery or equipment that operates on time-dependent embedded microprocessors, such as security cards, elevators or telephones. cnnfn.com

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