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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: EyeDrMike who wrote (11748)	2/19/1998 6:42:00 PM
From: E	Respond to of 31646

This is of only marginal significance to TAVA, but it's about an interesting y2k wrinkle: From The Financial Times, Feb. 18, excerpts: EURO TIMING SEEN AS CLASHING WITH MILLENNIUM BUG PROBLEM... The introduction of a common currency as the world's computer programmers are trying to defuse the millennium bomb in 2000 ranks as "one of the worst public policy decisions in history", according to a new industry study. The time and labour intensive efforts to fix the world's computers so they are able to recogize dates after 1999 is the largest software project [ever] undertaken. The conversion of financial software to accommodate the euro...ranks as the second largest software project of all time. The probable outcome of the political decision to tackle both projects at the same time "may resemble what happened when the Titanic met the iceberg"..... In addition to the risks of driving western European economies into recession, the demands of the two software projects will divert the talents of so many European software professionals that "the European Union will fall far behind other geographic regions in terms of the ability to build new applications and become a major software vendor in world markets", the study says.... The dual-track approach would cause problems for US multinationals doing business in the EU. The study recommended that US companies sought government backing for a delay in the introduction of the euro until 2005....