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To: tech who wrote (1797)	12/29/1997 8:50:00 PM
From: tech	Read Replies (1) \| Respond to of 3391

Only 20% of the Largest US Companies have a Y2K Project Link: www2.computerworld.com Here is true optimism. Some 20% of the largest US companies have a y2k repair project, but over 85% of US companies expect to have half of their systems ready to test by late 1998. This story appeared in COMPUTERWORLD (Dec. 18). * * * * * * * Here's a leap of faith: Only 20% of America's biggest companies have devised a full-fledged year 2000 strategy. Yet 87% of those polled in a new survey expect to have more than half their systems fixed by the end of next year. . . . The survey uncovered disturbing news about corporate progress with the millennium bug, as 82% of companies admit they underestimated the costs to fix the problem. Meanwhile, 95% said finding new staff to work on the problem has been "difficult or impossible." -------------------------------------------------------------------- As have indicated on this thread. Once the flood gates open companies who already are using toolsets from the vendors will see their payroll costs skyrocket. The automated factory approach will be their only hope. Those who are late in the game can't address the problem in-house, if they can't find any programmers. Buying tools from the vendors won't do you any good if you don't have the programmers to use them.

To: tech who wrote (1797)	12/29/1997 9:00:00 PM
From: tech	Respond to of 3391

Directors warned: 2000-bug will bite Link: smh.com.au It looks better in Austrialia than in the US, where only 20% of the largest companies have a y2k project. But how will Australia survive in 2000 if Asia and the US aren't compliant? The problerm is systemic. Corporate directors still do not think the problem is very large. Most of them refuse to spend more than $40,000 to fix it. In short, apathy reigns in Australia's top management. Yet Australia is widely regarded as being further along than most countries when it comes to y2k. The story appeared in the SYDNEY MORNING HERALD (Dec. 18). * * * * * * * With only 24 months until the year 2000, more than half of Australian companies are yet to start treating the bug that threatens to shut down computer systems across the country. . . . The AICD survey, from a sample of 2000 directors, showed only one-third thought that the millennium bug was a serious threat to their business. . . . Those most at risk are the large corporations with turnover of more than $1 billion. These companies are considering spending more than $10 million each to ensure year 2000 compliance, according to the survey. Commonwealth Bank stated in its last annual report that $100 million had been set aside as compliance costs, to be spent by June 1998. More than half of those surveyed were not willing to spend more than $40,000 to remove the bug. . . . Only 8 per cent of company directors surveyed by AICD/KPMG have taken legal advice on potential claims if their company fails to meet the millennium test.