To all,
The following is a copy of a post on the 2000 sector thread about an LA Times article that appeared soon after.
For general information on government year 2000 estimates.I was surprised this information did not reach this thread (or perhaps I missed it) but the Los Angeles Times had a follow up on the Monday February 24 hearing on the year 2000 question. The title is " Govt. Computers Face Millennium Meltdown."
I lack a scanner and any sort of typing speed so I will try to touch on the highlights. Perhaps one of the more skillful people on this thread knows how to set up a link. The article was published Feb. 25. The article indicates that Rep Horn (Rep) feels the governments estimate of $2.3 Billion is unrealistic. The hearing examined six federal departments: State, Transportation, Labor, Health and Human Services, Veteran Administration and Defense. Congressman Horn indicated he felt few federal agencies have realistic plans to solve the problem and he estimated it would take $5 to $10 Billion to deal with the problem. The Pentagon indicated it has not yet completed assessment of which weapons will need to be overhauled. I realize some of this information has been posted but some appears new to me. Specifically Horn's estimate of $5 to $10 Billion. This is considerably less than the $30 to $60 Billion I have seen offered in some posts. Still I would agree with your pessimism concerning the government. In particular the Pentagon seems to know how to spend extravagant amounts on very little. Though at this point I am as concerned about the possibility of a Jan. 1, 2000 weapons launch.I am not invested in year 2000 stocks at this time just interested. All the Best
Druss
Misc. stuff:
The following is a link to the Times as well as a brief description of the article and cost (THEY CHARGE MONEY FOR IT! UGH! I HATE HITTING A TOLL ON THE INFORMATION SUPERWAY ON THE BRIDGE TO THE 21ST CENTURY! or, whatever):
latimes.com
Your search for "Millennium Meltdown" returned 1 articles out of 1 found.
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Article 1 of 1 found.
Govt. Computers Face Millennium Meltdown;
Tuesday, February 25, 1997
Home Edition
Section: Business
ID:0970017315
Finally, the next link is to a European site devoted to Y2K (it's interesting, if posted previously, my apologies): Millenium Times Europe: implement.co.uk
Chris |
