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Technology Stocks : 2000 Date-Change Problem: Scam, Hype, Hoax, Fraud

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To: Sawtooth who wrote (1049)12/21/1998 1:48:00 AM
From: David Eddy  Read Replies (2) of 1361
 
Tim A. -

The point is that if your business partners aren't Year 2000 ready and send you incorrect data, which could, of course, happen at any time, it will likely be something your firm will have to deal with.

Jeff is making the point that ANY serious, profession organization that's grownup enough to be running IBM mainframes has been in the business of catching crap sent from the outside all the time.

When you have a mature system that has been automated to the extent that it now accepts automated input from "outside" (pick you definition of outside) sources, you have had to deal with being sent total crap. So you learn to deal with it. Establish multiple step edit/validation steps. You learn to be VERY suspicious.

Carrying a beeper & getting 2am firecalls is cool when you're 25. And it gets old real fast. So you "tune" the systems to deal with crap by rejecting it in upstream steps. Twenty years ago when I was dealing with mutual funds I determined it was easier to write code to have them degrade gracefully than die at 2am...I hate early am phone calls.

Jeff's just describing standard operational practices...not rocket science.

- David
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