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Technology Stocks : Y2k Denial on SI
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To: Wizzer who wrote (90)7/26/1998 3:57:00 PM
From: Stephen Smith  Read Replies (3) of 151
 
Wisam - I agree with you that a market panic is possible as the
year 2000 nears. My prior post was simply to inject some
rational ideas into the Y2K discussion, and I feel that with my
experience and understanding of the problem that I am more
qualified than most to speak on the subject. I am certainly not
in denial that there is a gigantic problem with the mainframe
software. Having been a programmer/analyst for the past 15 years,
and mostly on mainframe systems, I know exactly what the
Y2K problem is and how to fix it. Certainly there are too many
people in positions of power who are being foolish in denying the
extent of the problem. What bothers me is all the talk of systems
crashing and 'bad data' from systems that still have the 'Y2K bug'
crashing the systems that have been fixed. This is total nonsense.
If "Acme Inc." fails to fix their systems and sends
"Big Inc." some dates that should have been '2000' but instead
are '1900' , it is HIGHLY UNLIKELY that this will cause "Big Inc."
systems to crash. The data will simply be wrong and could cause
some process to not take place that should. Most likely the problem
will be noticed by an analyst and Acme will be notified to get their
systems fixed. I am not saying this to downplay the Y2K problem.
The unfixed sofware is going to cause plenty of problems. I just
don't see the value of claiming that all large systems will come
crashing to their knees because it is a lie that could cause people
to panic.

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