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Technology Stocks : Discuss Year 2000 Issues

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To: J.L. Turner who wrote (5607)	4/29/1999 1:10:00 AM
From: B.K.Myers	Read Replies (1) of 9818

J.L.T., It will be interesting to see what fallout we get from the effect of this virus. I don't think that it will have much of an effect. Most organizations, although obviously not all, keep backups of their important files. I'm sure that some data will be lost, but I suspect that most of it will be easy to recreate. I imagine that some programs and program updates will be lost. But Y2K is different. You can't revert to backups if your systems are affected by Y2K problems… the backups will have the same problem. The only solution is to fix the problem. And, if you haven't been able to fix it by the time that it infects your system, you probably wouldn't be able to fix it in time to salvage your system. I do agree that “if it causes some smaller companies to go under or major problems at larger corporations we have reason to believe there will also be problems with y2k”. But I don't believe that “if no problems arise we can be more confident that y2k will be only the proverbial bump in the road”. Because this will mostly be a matter of simply restoring files from backup copies, the fix for this problem is vastly different from fixing a Y2K problem. B.K.

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