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Technology Stocks : 2000: Y2K Civilized Discussion -- Ignore unavailable to you. Want to Upgrade?

To: flatsville who wrote (85)	8/11/1999 1:24:00 PM
From: flatsville	Respond to of 662

Ron-- In retrospect, I realize that I really screwed up that response to your question. I should have titled my response "Great Expectations Based on Useless Information." As I reread the Cap Gemini article I now see this: >>>Fewer than half of America's largest companies (48 percent) expect all of their critical systems to be prepared for the Year 2000. One in five companies (18 percent) expect that 75 percent or less of their critical systems will be "completely tested and compliant" by December 31,1999.<<< (So 82% expect to be 76-99% completely tested and compliant on critical systems assuming 100% completely tested and compliant means all?) And then: >>>Thirty-six percent expect* between 76 and 99 percent of their applications (total? critical and non-critical?) to be ready for Year 2000,<<< (What does ready mean? compliant?) >>>and two percent anticipate completing work on 50 percent or less of their systems. (total? critical and non-critical/)*<<< (What level of work? readiness work? compliance work?) -------------------------------------------------------- All of the above stats are non-comparable for reaching any conclusions re: whether the "expectations" are off-base, not to mention realistic. Essentially these stats as reported in this article are useless. Sorry to have wasted your time. I walked right into this trap. (I thought that I actually had something to work with here.) But it begs the question "Just exactly where are these LARGE companies in the process of remediating mission and non-mission critical systems?" Too bad Cap Gemini didn't bother with the current facts rather than great expectations and wishful thinking for the future. Yes, Yardeni is correct.