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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Linda Pearson who wrote (39867)	12/14/1997 9:46:00 PM
From: jwk	Read Replies (2) \| Respond to of 58324

fwiw... here's the laest from Merrill Lynch on the y2k thing. I still want to hear from IOM's IR about this ml.com >> .........Preparing for the New Millennium at Merrill Lynch At Merrill Lynch, the Millennium Challenge is the center of attention among top executives, line managers and technologists. The Year 2000 effort represents the largest technology project in the company's history. A team of nearly 100 people is working around the clock to inventory, examine, correct and test all internal systems before the Year 2000. With 170 million lines of code running worldwide, this is no small or inexpensive task. Over the next three years, Merrill Lynch will spend an estimated $200 million and 1,500 person-years correcting the firm's systems. Most importantly, the firm plans to be entirely "Year 2000 compliant" a full year early to allow time for rigorous testing. However, the work is not limited to the company's internal technology. Interdependency between Merrill Lynch's systems and other institutions compel the firm to extend the project beyond its own network. Merrill Lynch is contacting its suppliers, customers, regulators and even competitors to ensure their systems will be prepared. Conclusion The Millennium Challenge poses a genuine risk to the networked world. Public and private sector organizations do not work in isolation. Economies are based on a complex web of interrelationships among customers, partners, vendors, financial service providers, government agencies, utilities and others. In most cases, computers are the links between these institutions. If the performance or dependability of one link falters, the prosperity of all organizations is at risk. To view the Year 2000 problem simply as a technical matter ignores the cost and implications. Organizations of all sizes can no longer choose to neglect the issue. As we enter the 21st century, meeting the Millennium Challenge is not a choice, but a condition of survival in the digital economy.<<