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To: tech who wrote (2409)2/11/1998 7:58:00 PM
From: tech  Respond to of 3391
 
The Media's Party Line: Big Firms Will Be OK; Small Firms Won't Be _____(news)


Link: sptimes.com


This story says, basically, "No big problem." Every local executive cited in this
report says his firm is either compliant now or will be soon. The repair task is
relatively easy, the readers are assured.

"Big firms will make it. Small firms won't." This is the media's party line. It
assumes that the bigger you are, the more money and expertise you have to fix y2k.
The reporters never ask the obvious: "Since the bigger the system, the more
complex it is, and the older it is, and the more legacy code and old chips it has, why
is it easier for a large organization to make the repair? Also, what about
management? Isn't the large system more dependent on computers than on people?
Isn't the information that runs the organization less flexible and therefore more
vulnerable?"

Contingency plans for a small firm are a lot easier to design and deploy than for a
large one. Contingency plans for a small farm are easier to adopt than for, say, the
United States military or the international banking system. But reporters never seem
to ask the obvious.

This is from the St. Petersburg TIMES (Feb. 9).

* * * * * * * *

Jan. 1, 2000: Is it a date that will live in technological infamy? Or will the computers
work?

If the date seems far away, it's not. Many companies and government agencies
have been working on the Year 2000 problem (or "millennium bug" or "Y2K" in
computer jargon) for years and have set deadlines to have the problem fixed this
year -- so they can spend 1999 testing to make sure everything works. . . .

Raymond James & Associates has made a major investment in making sure its
computer systems are ready for 2000.

The St. Petersburg financial services firm estimates its staff will devote between
28,000 and 32,000 programing hours to fixing the problem, according to Tim Eitel,
senior vice president. The cost: between $3-million and $5-million.

"If you have a plan, it is not difficult to get your systems Year 2000 compliant,"
Eitel said. "Some think it's rocket science. It's not rocket scientist-type coding." . . .

Electricity will still flow and customers will still get their bills in 2000, according to
both TECO and Florida Power Corp.

Florida Power installed several new computer systems over the past two years that
already are compliant with the Year 2000, and work on other software applications
is on schedule and should be done by the end of the year, spokeswoman Melanie
Forbrick said. . . .

State government has a lot of computers to check and make ready for 2000. The
effort will cost Florida taxpayers between $75-million and $90-million.

"We've completed an assessment, we have a cost estimate, we have a plan that on
paper
has each of our 32 agencies completing necessary code changes and
necessary applications by June of 1999, most by December 1998," said Glenn
Mayne, project manager for the Year 2000 Task Force.

The question, Mayne said, is "whether we can execute the plan on time." . . .

Two years ago, Alfred Laiser set a goal for Pinellas County government computers
to be ready by this summer, a deadline he says will be met.

"We've been very pleasantly surprised," said Laiser, director of management
information systems for the county. "As people recognized the problem, there was a
willingness to cooperate and come together and reach consensus." . . .

GTE got an early start on Y2K, according to spokesman Richard Engwall, and is
making good progress.

"We expect to be among the first telecommunications companies to achieve
compliance," Engwall said.

The phone company's timetable is to have the systems vital to its business
operations and customer service ready by Sept. 30, with other, less-critical systems
fixed no later than mid-1999, Engwall said. . . .

Steven Friedman's company "provides a road map to compliance" for businesses.
And he says there are two types of companies that T3 Technologies
(www.T3T.com) in Tampa deals with:

"Companies that know what they're doing, that understand the problem, that have
resources and money in hand to do it. They know they have to do it."

And the other?

Smaller companies that "don't have the dollars or are not convinced the problem is
so severe that it will severely affect business," said Friedman, president of T3. . . .

His advice for procrastinators?

"Listen to the head of your computer department when he says you may have an
expensive problem. There are solutions that are not as expensive as you may think,
but nothing is as expensive as doing nothing."
====================================================================

unbelievable ignorance:
----------------------

"The effort will cost Florida taxpayers between $75-million and $90-million.

"We've completed an assessment, we have a cost estimate, we have a plan that on paper has each of our 32 agencies completing necessary code changes and necessary applications by June of 1999, most by December 1998," said Glenn Mayne, project manager for the Year 2000 Task Force.


This idiot is in charge of a $90 million project and he says that they have completed a friggin' assesment and they have a plan that, of all the famous last words, "on paper" has 32 different agencies completing the changes in June of 1999!!

GREAT! that only leaves them 6 months of testing! Oh, that's right, "if everything goes right"...

This clown should be fired on the spot.

I think it would be wise for anyone of the followers of this thread who just happen to live in Florida, to call up this guy and tell him he's F*%K*D!



To: tech who wrote (2409)2/11/1998 8:18:00 PM
From: tech  Respond to of 3391
 
FDIC Doesn't Know What's Going On, Government Report Says ___________(news)

Link: guide-p.infoseek.com


The Federal Deposit Insurance Corporation, which insures deposits in
U.S. banks and thrift institutions, does not have enough information on the
y2k status of U.S. banks. This is the assessment of the government's
General Accounting Office.

This appeared in AMERICAN BANKER (Feb. 11).

* * * * * * *

The Federal Deposit Insurance Corp. is not gathering enough information
from banks to precisely determine their readiness for year-2000 computer
issues, according to a General Accounting Office report released Tuesday.

"We believe that neither the initial nor the follow-on assessment work
program (undertaken by the FDIC) is collecting all the data needed to
determine where the banks are in the year-2000 correction process,"
the
GAO's Jack L. Brock told Senate Banking's financial services
subcommittee. To remedy the problem, the GAO is suggesting the FDIC
tell its examiners to ask banks a series of new questions.

The GAO's recommendation comes at a bad time for the FDIC, which
acknowledges it got a late start in assuring the year-2000 compliance of
the banks it supervises.

The FDIC is trying to meet a June 30 deadline for conducting on-site
reviews of its 6,200 state-chartered nonmember banks. So far it has
completed about 2,000.



To: tech who wrote (2409)2/11/1998 8:36:00 PM
From: tech  Read Replies (1) | Respond to of 3391
 
Major Y2K Advisory Firms Stop Taking New Clients _________________(news)


Link: 204.134.221.30:8898/ows-bin/owa/im_pak.imdecode?link=446


The resources available to fix y2k are running low. Errst & Young, KPMG
Peat Marwick, and Price Waterhouse have all closed access to new y2k
clients.


This is from INTEGRATION MANAGEMENT (Feb. 2).

* * * * * * *

Between them, KPMG Peat Marwick and Ernst & Young audit more than
one third of the Fortune 1000 and count many of these companies among
their management consultancy clients.

Yet as these two accountancy giants move toward a proposed merger,
they are offering Year 2000 services only to their top-tier clients while
turning away business from many others.

"A lot of clients are asking for help with Year 2000, but unfortunately we
can't provide it, explains William Ruckle, managing director, Year 2000,
Ernst & Young, We don't have the resources to service everyone. . . .

In this regard, Ruckle's firm is not unlike many of its competitors. While
Ernst & Young is concentrating its Year 2000 capabilities on only 25 major
accounts, KPMG is working almost exclusively with a select group of
large clients with which it has had a long-standing relationship.. . .

These are Fortune 50 companies that pretty much go across most
industries.

Similarly, Price Waterhouse has limited its Year 2000 offerings to a select
group of clients that have requested support. Even Coopers & Lybrand,
which plans to merge with Price Waterhouse and which has been
providing Y2K support since 1993, as of last year had taken on only 54
projects, 15 of which have been completed. The firm expects its Y2K
practice to plateau in 1998 because of capacity constraints. . . .


Many of Ernst & Young and KPMG's clients are U.S. -based
multinationals that have to be concerned about the global ramifications of
Y2K issues, given the interdependency on the global market. Kearny, who
has testified before Congress about the dangerous lack of awareness
regarding Y2K outside the United States, notes that not only do U.S.-based
multinationals have to bring their own non-U.S. operations up to speed,
they need to be sure the foreign banks and suppliers they communicate
with electronically are fully geared up for the millennium.

_____________________________________________________________________

This article clearly shows the lack of resources is going to have a stunning effect on the market place and on those companies who still think they can start, or even maintain, projects in-house.

Remember, the bulk of the work hasn't even come in yet.

There is no point in companies buying toolsets from vendors if they can't find the people to use them.

The automated factory approach is their only hope.

The next surge in the y2k arena will be the conversion houses.

It is going to happen, everything is pointing to it, it is only a matter of time.

Stay tuned.