Y2K (Year 2000) Stocks: An Investment Discussion Message Board

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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: TEDennis who wrote (13550)	1/11/1999 10:37:00 PM
From: WR	of 13949

Top Senate officials are grappling with a glitch in its multimillion-dollar Y2K computer project, which has temporarily plunged individual Senate offices into fiscal chaos. A major Y2K project is underway within the Office of the Secretary of the Senate to implement the new Financial Management Information System, which has been budgeted $7 million to complete the venture. The Senate has been aided by KPMG Peat Marwick and James Martin Government Consulting. The new computer system began operating on Oct. 19, 1998, and Wineman said there has been a backlog in payments due to "growing pains" naturally associated with a major overhaul of a system that is responsible for paying the Senate's bills. "Some staffers are owed thousands and thousands of dollars and have waited two months for a check," one manager said. "They have spent millions and millions of dollars on this project and it is not working." rollcall.com

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