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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: TEDennis who wrote (8098)	11/26/1997 1:47:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 13949

Year 2000 Wire/Computer Preparations for Euro Trail Behind Year 2000, Industry Survey Shows Some See Introduction of Euro as Greater Compliance Threat Than Year 2000 BRACKNELL, England--(BUSINESS WIRE)--Nov. 25, 1997--Viasoft Inc. (Nasdaq/NM:VIAS - news), a leading provider of business solutions to help companies manage and evolve their information-technology assets, Tuesday released initial survey results that highlight the growing unease among the information-technology (IT) community regarding the introduction of the new European currency -- the ''euro'' -- and its impact on computer systems. The Viasoft-sponsored survey was conducted by independent market- research firm Neaman Bond Associates, which polled 792 IT managers and 254 finance directors across Europe -- in the United Kingdom, Germany, France, Italy, Benelux, Spain and Scandinavia. Survey Highlights The preliminary results indicate a trend that shows Europe's IT systems may be as ill prepared for the introduction of the euro as they are for the year 2000. The survey also shows a lack of awareness of the size, complexity and business impact of the problem. Initial findings reveal that: -- Levels of confidence about meeting the euro deadline range widely, from 50 percent in the United Kingdom to 90 percent in Germany, but all show significantly lower confidence concerning euro compliance than in meeting their year 2000 deadline. -- Nearly 60 percent of respondents across Europe do not know how much code will be affected by the addition of the euro to their systems. -- Key stumbling blocks include awareness of available euro solution toolsets, detailed knowledge of the applications themselves and dealing with the sheer complexity of the problem. -- 40 percent to 50 percent of respondents had given no thought to the impact of suppliers and customers requiring euro compliance by 1999. ''With the introduction of the euro just over a year away, the issues raised in the survey need to be addressed immediately,'' said Colin Reardon, Viasoft's senior vice president of international operations. ''Customers must contend with the difficult demands of attempting to modify systems for euro currency conversion and fix the year 2000 problem. They need automated tools and processes that enable them to effectively address these major issues in the limited time remaining.'' Full results of the survey will be showcased at the Pan-European Year 2000/Euro Conference and Expo, held at the Grand Krasnapolsky Hotel, Amsterdam, Dec. 3-5, 1997. Along with the survey results, Viasoft will announce its euro offering to help users deal with the new euro standard. Viasoft Names Euro Manager In response to the euro issue, Viasoft has appointed Chris Pickles as euro solutions manager, responsible for directing the development and marketing of Viasoft's range of euro services and products. Pickles joins Viasoft with a wealth of experience in dealing with European-wide financial and IT issues. His background includes service with the European Association of Securities Dealers in Brussels, Belgium; Deutsche Borse AG in Frankfurt, Germany; and Reuters in London, Germany and Paris. About Viasoft Viasoft is a leading provider of business solutions, consisting of integrated technology and specialized consulting services, designed to enable customers worldwide to cost-effectively manage and evolve their information-technology assets. With headquarters in Phoenix, Viasoft provides sales and services through regional offices in the United States, Europe, the Asia- Pacific region and a growing network of international subsidiaries and distributors. For more information on Viasoft's products and services, visit the company's World Wide Web site at www.viasoft.com . The statements made in this news release that are not historical facts contain forward-looking information that involves risks and uncertainties. Important factors that may cause actual results to differ include, but are not limited to, the impact of competitive products and services, risks associated with results and timing of technology development and commercialization, the company's ability to manage growth and acquisitions of technology or businesses, the effect of economic and business conditions, including risks inherent in international operations and the ability to attract and retain technical personnel, and other risks detailed from time to time in the company's Securities and Exchange Commission filings. ------------------------------------------------------------------------ Contact: Viasoft Inc. Judy L. Redman, 602/667-2849 602/840-4068 (fax) judy_redman@viasoft.com (e-mail) or Viasoft International Ian Nevin, +44 (0) 1344 404 600 +44 (0) 1344 427 699 (fax) ian_nevin@viasoft.com (e-mail) or Neaman Bond Associates Graham Brown, +44 1892 524500 +44 1892 512405 (fax) graham@neaman.u-net.com (e-mail) ============== Y2K = 2 years away Euro = 1 year away Hmmm..... - Jeff