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Technology Stocks : Discuss Year 2000 Issues

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To: flatsville who wrote (4432)	3/10/1999 10:03:00 AM
From: C.K. Houston	Read Replies (1) of 9818

I don't know how I missed this April 10 deal re Wall Street Y2K test .... NYSE Y2K TEST RESULTS IN GOOD -- BUT MEANINGLESS [news] The Associated Press is reporting that a simulated trading test, conducted last Saturday, went off without a hitch. The results were, "better than expected," according to the report, and more than 400 financial organizations took part in the test. dailynews.yahoo.com [commentary] However, the results are meaningless. Donald Kittell, executive vice president of the Securities Industry Association tells us why: "The test schedule does not cross over to the year 2000 until April 10." In other words, Y2K tests have not yet been conducted. HUH? Why all the positive spin if they haven't crossed into the Year 2000 yet? These people are testing 1999 trades and loudly proclaiming Y2K success. There's something seriously wrong with this picture... we already know 1999 trades will work. We want to know if they will work in 2000. These people need to stop shouting "victory" until they've actually achieved it. We hear the same thing with industry: everybody says their industry is compliant, but nobody in that industry has yet announced full compliance. How can the industry itself be ready if the members aren't? ABOVE FROM Y2KNEWSWIRE: y2knewswire.com Cheryl

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