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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: Secret_Agent_Man who wrote (9007)	11/25/1998 9:50:00 PM
From: MACA	Read Replies (2) of 10786

Canadian Banks Prepared for Year 2000, Globe and Mail Says Toronto, Nov. 25 (Bloomberg) -- Canadian banks have devised contingency plans should their computers experience any problems on Jan. 1, 2000, the Canadian Bankers Association said yesterday, the Globe and Mail reported. According to the CBA, the banks will use magnetic tape to record all transaction and account information on Dec. 31, 1999, making certain all information will be on record should computers go awry. Mark Weseluck, vice- president of banking operations at the CBA, said the banks still have work to do to ensure customers don't panic and withdraw all their money before 2000, the paper reported. Computers that don't recognize the year 2000 won't have much effect on economic output other than the delay of some lower priority work, said the Organization of Economic Cooperation and Development. (G&M 11/25 B5, online edition: www.globeandmail.com) 10:30:05 11/25/1998

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