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Technology Stocks : Discuss Year 2000 Issues

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To: John Mansfield who wrote (3304)	1/17/1999 1:27:00 AM
From: RH	Read Replies (1) of 9818

Canadian Government Circular came in mail this week from MP's Office. Positive in a way due to the fairly open disclosure of contingency planning and concern expressed etc... With one of these going to every house it will sure go a long way to getting public who was not currently aware of problem at least thinking about it. "Year 2000 Computer Challenge... Everything is being done at the federal level to protect Canadians from the Millenium bug. ... average state of readiness of ...Critical functions--was 74% as of November 1998. ... Conversion of Old Age Security and Canada Pension Plan applications has also been completed and will be Year 2000 ready by mid-December 1998. ... Canadian Food Inspection Agency is reporting that their Yea 2000 state of readiness was 70% in November... According to the RCMP, their average state of readiness is at 90% as of Nombember, and the Year 2000 compliant version of CPIC [Canadian Police Information Centre] --now at 70%--will be implemented by January 1999. ... The government is not underestimating the challenges imposed by the Y2K problem. An aggresive comprehensive government wide work plan has been approved that includes specific timelines for progress reports, risk assessment, contingency planning, and full testing. All Ministers have committed to meeting these timelines. Treasury Board Secretariat has been tracking the progress of mission critical departments, agencies and Crown corporations on a monthly basis since June 1998, and will continue to report to Parliament on a regular basis. Given the complexity and global nature of the Year 2000 problem, it is possible that some disruptions may occur. Canada is among the world leaders in terms of Year 2000 readiness. Although good progress has been made, there is no room for complacency. As part of prudent business management, departments have been instructed to put in place suitable contingency measures to ensure these disruptions are as minimal as possible. Treasury Board Secretariat expects that all departments will have submitted contingency plans by December 31, 1998."

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