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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: C.K. Houston who wrote (497)	11/23/1997 12:06:00 PM
From: C.K. Houston	Read Replies (1) \| Respond to of 9818

Real Estate: For Building Operators, a Taste Of The Year 2000 In '99? nytimes.com By JOHN HOLUSHA November 12, 1997 Engineers and property managers say building operations are no less susceptible to what is known as the "year 2000 problem" or the "millennium bug" than their counterparts in banking, insurance and accounting. It is impossible to predict what some systems will do unless the clock is artificially advanced to see what goes wrong, which is difficult to do in an operating building. The security system, designed to restrict admission on weekends, may shift to a default mode and keep everybody out. The elevator controller may decide that no maintenance has been done in 100 years and lower all the cars to the ground floor as it would in a fire.

To: C.K. Houston who wrote (497)	11/23/1997 12:21:00 PM
From: C.K. Houston	Read Replies (1) \| Respond to of 9818

OH DEAR ... 38% of IT Executives Planning on taking Money out of Banks??? ================================================================= Foreign Banks Are Behind in Repairing 2000 Bug nytimes.com By SAUL HANSELL November 10, 1997 Big United States banks and investment firms, prodded by regulators, are making progress on a widespread software problem that could cause computers to crash seconds after midnight on Dec 31, 1999. *But many overseas banks in the increasingly interdependent global financial system may be woefully behind or even ignoring the problem. The potential problems are great enough that 38 percent of the 1,100 computer industry executives worldwide that Gartner surveyed in September and October said they might withdraw their personal assets from banks and investment companies* just before 2000. ______________________________________________________________________ Banks Bracing For Year 2000 techweb.com November 10, 1997, Issue: 656 By Bruce Caldwell According to surveys conducted by Gartner Group Inc., although *U.S. banks have completed 30% of their compliance efforts, "they have a probability of 10% system failure," says Lou Marcoccio, director of year 2000 research at Gartner. Part of the problem: Surveys of vendor compliance efforts are rarely accurate because most vendors "don't know what they don't know," says Marcoccio. ______________________________________________________________________ US play down Y2K* computerweekly.co.uk Monday 10 November A US backlash has begun against the expected effects of the millenium date change, with some businesses predicting little or no trouble. And though they agree the date change needs addressing, many insist the millennium saga is little more than a hype designed to benefit software companies, speakers, authors, and most of all, consultants.