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Technology Stocks : Discuss Year 2000 Issues

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To: John Mansfield who wrote (3939)	2/17/1999 9:36:00 PM
From: flatsville	Read Replies (1) of 9818

Ooops--But then again, some of us knew this would happen. Non-HFSA :~O ----------------------------------- The Associated Press 02/17/99 1:57 AM Eastern MONTGOMERY, Ala. (AP) -- The job of updating Alabama's computers to deal with the arrival of the year 2000 will not be completed by New Year's Day, the state finance director acknowledged. The state has finished 60 to 70 percent of the work needed to make sure its computer systems and equipment won't fail, new Finance Director Henry Mabry said Tuesday in a speech to legislators. "We have the potential to get most of the rest done. But we are not going to be in complete compliance," Mabry warned. He said state officials are trying to pinpoint the problems that must be addressed before Dec. 31, and Gov. Don Siegelman has demanded contingency plans from all state agencies. Mabry, who took over as finance director a month ago, criticized former Gov. Fob James for the lack of preparation for the Year 2000 computer phenomenon. "I think the James administration was not necessarily interested in this particular issue," he said. Alabama has spent about $45 million on the millennium bug problem, Mabry said. All of that money has been squeezed from agencies' existing budgets. He said the state needs to spend another $65 million to address the problem. ================

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