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

To: Jeffrey S. Mitchell who wrote (8298)	12/11/1997 10:51:00 AM
From: Josef Svejk	Read Replies (1) \| Respond to of 13949

Humble thanks, Jeff, DUH - on the first line even! I'm off to learn to read. Svejk (GL-15 applies: digiserve.com )

To: Jeffrey S. Mitchell who wrote (8298)	12/11/1997 1:15:00 PM
From: CalculatedRisk	Read Replies (2) \| Respond to of 13949

Jeff, the State and FED have agreed to use four-digits for exchanges between the states and the federal government. It is probably reasonable to assume that the FED (and states) will require companies to provide data in the same format. From State/Federal CIO Summit on Year 2000: "A mutual agreement among participants to use a four-digit contiguous year computer standard for data exchanges between state and federal agencies." state.pa.us Also important: The long awaited OMB report should be posted on 12/15! "Progress on Year 2000 Conversion Report for November 15, 1997 is currently being prepared. The report is scheduled for release on December 15. It will be placed in this section upon release." cio.fed.gov Best Regards, Bill

To: Jeffrey S. Mitchell who wrote (8298)	12/11/1997 2:35:00 PM
From: jgibbs	Read Replies (1) \| Respond to of 13949

FWIW, just saw the following in the News and Observer, the local newspaper in Raleigh, North Carolina (the state capital). I've quoted just a few paragraphs: "On Tuesday, the state Commerce Department released its latest cost estimate for the computer conversion project: $132 million, up from $82 million in May." "A state team is responsible for fixing the problem not only in state agencies, but also in state-run universities, university hospitals and community colleges." "While the latest cost estimate is substantially higher, it is still much lower than a $330 million estimate that officials released in March." "State officials say failure to addres the 2000 problem could produce chaos starting Jan. 1, 2000." The Medicaid program would be severly messed up and "the program that tells the state when to resurface its roads would provide dates several decades late. Similar problems could render useless payroll, billing and contracting systems." The Commerce Secretary said "the year 2000 team hoped to have systems corrected by the end of 1998 to allow a full year of testing." I read a couple of months ago that Anderson Consulting was involved somehow in the project but saw none of the names of the companies most mentioned on the board. JimG