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

To: Bill Ounce who wrote (844)	1/7/1998 1:05:00 PM
From: Bill Ounce	Read Replies (1) \| Respond to of 9818

Chase Manhattan finding lost systems From: fedinfo@halifax.com Subject: Forgotten Systems Date: Wed, 07 Jan 1998 07:31:40 -0600 Newsgroups: comp.software.year-2000 guide-p.infoseek.com [article extracts:] Computers & Technology Year 2000 Bug Brings Hardware Investor's Business Daily Tue, Jan 06 1998 When Chase Manhattan Corp. did an inventory of its computers recently,it got a big surprise. Vital functions at the New York-based banking giant were running on computers that no one - not even their information technology department -knew existed. Banks of servers, computers that manage office tasks such as printing and sharing files, went unnoticed for years. "There were circa-1988 PCs out there that people (use every day) but forget that they exist," said Ian Macfadyen, the bank's senior vice president. "Servers easily become forgotten pieces of architecture." {Paul's Commentary:] Gee, I thought ya' had to KNOW what harware and software ya' had BEFORE you could fix it. One of the biggest banks in the world, doesnt even know what it has, yet they are going to fix it on time. Let's see, they have "VITAL" functions running on computers that THEY DIDN'T EVEN KNOW THEY HAD! Do you think that this is an isolated case? If you think that Chase Manhattan's IT department is the only inept bunch of bunglers out there, you are mistaken. I'll bet that they are MORE on the ball than most. If Chase Manhattan is in the 90th percentile as far as a skill rating is concerned, where would that put Federal Government IT Departments? LOL LOL Paul Milne "We fully expect to 'FIND' all of our Hardware by Dec 31 1999" Ernest T. Bass,CIO, Chase Manhattan Bank

To: Bill Ounce who wrote (844)	1/8/1998 5:37:00 PM
From: Bill Ounce	Read Replies (1) \| Respond to of 9818

Spending to fix millennuim bug eats into revenues news.com What was supposed to be a profit bonanza for technology companies is instead turning into a major revenue drain. The Year 2000 problem, also known as the millennium bug, threatens to derail the revenues of technology providers in the coming year, company executives and Wall Street analysts warn. Big corporations are diverting crucial budget resources to hire additional personnel needed to fix the problem, leaving fewer dollars available for new technology purchases. Wall Street analysts say the first effects of a Year 2000-related revenue slowdown are just now being felt--and it will get only worse throughout 1998. "Of all the factors in the marketplace, Year 2000 issues are much more real than investors realize. They are treating this as a non-issue, and it really is an issue," said Bob Austrian, an analyst with NationsBanc Montgomery Securities [...]