Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jeff Redman who wrote (804)	12/31/1997 11:35:00 PM
From: Joseph E. McIsaac	Read Replies (2) \| Respond to of 9818

Jeff, There are many examples of companies already suffering losses from the Year 2000. I gave yoiu an explicit example of a business suffering loss from the Year 2000 -- FTI's loss of $30 million a year in sales.What about EDS, whose sales have plummeted $400 million since they disclosed that they had some "challenges" surrounding the Y2K? Think it's a real problem for them? What about the 3 Georgia banks that were issued a cease-and-desist order because the executives of these institutions showed "total disregard for the Year 2000" -- think Y2K hurt their business? What about the 14 federal government departments and agencies that have already announced that they won't be ready for the Year 2000? There are already hundreds of examples where businesses have suffered significant losses from the Year 2000 and it's still only 1997! From first-hand experience running a Year 2000 program, it's very much like having a fire in your house. If you pay attention to it, keep it confined, and get rid of it, the house isn't damaged too much. But when time gets short, and you suddenly realized that there isn't anything that you can do in time to fix or switch the problem, then it's the fire just got too big to control and all you can do is get out of the house and watch it burn. Plus there will be the unforseen, spectacular failures in 1999 and 2000. I'm sure they will become so prevalent that we shall all get sick of the Year 2000 problem (if'n we ain't already). Being sick of the Y2K has already been proven to be ineffectual in relieving the problem itself, unfortunately. :-) (FYI, here are the depts/agencies and the YEAR in which they state that they will become compliant: FEMA 2000 NASA 2000 AID 2000 EDUCATION 2000 HHS 2001 JUSTICE 2001 GSA 2002 TREASURY 2004 AGRICULTURE 2005 OPM 2010 DOT 2010 LABOR 2019 DOE 2019 Wonder what's going to happen during the 19 years that the department of labor is non-compliant?? :-)