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Technology Stocks : Discuss Year 2000 Issues
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To: Technologyguy who wrote (5427)4/10/1999 11:34:00 AM
From: David Eddy  Read Replies (1) of 9818
 
Technologyguy -

These are hard pieces of information that should carry real weight in everyone's considerations of preparedness. What I learn from these data is that Y2K challenges, while they may be tedious or difficult to address, are, in fact, solvable.

It's very hard to know to what degree there were or were not problems. It all depends on the specifics of the situation (which we only have in broad generalities).

One thing I wondered about, and assume would be extremely difficult to get ahold of is the number of say bogus 1099 documents sent out. Naturally I assume that bad 1099s get sent every year. Was the count worse this year?

Here's a single data point that shows how difficult it is to know what it is we're trying to look for. I have a friend who's been a Y2K project manager for 3 years. His primary task wound down mid '98. On the mainframe side 30 of their 90 key systems had to be Y2Kfunctional by 1/1/99. They made that deadline with time to spare. Then he was telling me (very proudly obviously) that they've only had 4 Y2K identified outages (1 hour, 2 at two hours each, & a 5 hour). Certainly that sounds great at first pass... but what's the baseline we're comparing against? Is this the sort of shop that has outages all the time or only once in a blue moon. All he had was the count 'charged' to his project.

So... the fact that the ground didn't shake on those predicted-to-be important date is certainly a good sign. But how good simply isn't known yet.

- David
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