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

To: C.K. Houston who wrote (959)	1/23/1998 7:11:00 PM
From: C.K. Houston	Read Replies (1) \| Respond to of 9818

Unilever TRIPLES Year 2000 Budget - Embedded Systems Problem ================================================================ Excerpts "Cost of fixing the bug is far higher than anticipated" ... "I'm concerned that up to one-fifth of our suppliers worldwide may not be fully ready for 2000," said FitzGerald [chairman of the British arm]. The group is warning of the disruption to the business cycle the bug will cause, with takeover activity likely to dry up and huge inventory-building expected to create buffer stocks ahead of January 1, 2000. The costs of tackling the bug were soaring because of the scale of the problem, particularly concerning so-called "embedded" chips - microchips installed deep in manufacturing equipment and computer systems whose software has to be checked line by line and, if necessary, rewritten. sunday-times.co.uk