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Technology Stocks : Discuss Year 2000 Issues

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To: John Mansfield who wrote (4034)2/22/1999 9:57:00 PM
From: flatsville  Read Replies (1) of 9818
 
Forgot to give you this wonderful bit of news just released last month...So now who are we to believe?

x9.dejanews.com[ST_rn=ap]/getdoc.xp?AN=443317345&CONTEXT=919736434.762511430&hitnum=106

Message 107 of 6022 for search ~a (phinias_t_phoobar@my-dejanews.com) & ~g (comp.software.year-2000)
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Oil and Gas: The truth from FERC
Author: phinias_t_phoobar <phinias_t_phoobar@my-dejanews.com>
Date: 1999/02/11
Forum: comp.software.year-2000
sponsored by:

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Even Phin is in a state of disbelief over numbers found at
<http://www.ferc.fed.us/y2k/res0898.pdf> re: oil and gas survey conducted by
their industry in September of 1998. You need Adobe Acrobat to access the
survey directly.

The above web site is maintained by FERC - the Federal Energy Reglatory
Commission (not the DOE).

638 oil and gas companies from across the US responded to the survey. They
represented 45% of the oil and gas production in the US, and 78% of US
refining capability. That is somebody to whom we pay attention.

The survey results damn the oil and gas industries thusly:

1. Out of the 638 respondents only 71 were prioritizing their Action Plans.
In other words, only 71 companies decided that their Microsoft Word documents
were less important than their accounting systems or embedded production
systems. 105 responded that prioritization was not applicable to their plans.

2. Out of 638 respondents only 77 had "testing" built into their Action
Plans. Again, the time period is late 1998 and only 77 of the companies had
plans to test their systems. 410 said they had no plan and 152 said testing
was n/a - not applicable.

3. Only 101 had a plan element to cover safety, health and the environment.
"Gas explosion" comes to mind, along with, "Oil spill", and, "Burning oil
rig".

4. 449 reported that they had started development on, or completed, a
*contingency* plan for their production environment. If you thought Y2K was
no sweat, then why are 449 of the companies into contingency planning in
1998? Is it simply good planning? Then why didn't they also plan to test
their systems?

5. Only 411 companies had embedded systems. Out of the 411, only 209 said
they would be Y2K ready by first quarter of 2000. That's about half. And
that's by their own estimates. And that's to make their systems "ready", not
compliant.

6. In addition to the completed surveys (638) there were 32 companies that
did not fill out a survey. Instead they submitted "company prepared form
letters."

The prosecution rests.

Off: Reality Receptors.
On: OJ Response.

- pHINIAS t. pHOOBAR (distant cousin of Phinias T. Bluster)

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