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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?


To: Josef Svejk who wrote (10476)3/28/1998 3:30:00 PM
From: John Mansfield  Respond to of 13949
 
LEADERSHIP IN THE UK

'The British Government is to spend an extra œ10m to try
to protect businesses from the so-called millennium bug.

The problem will cause computers to crash on January 1
in the year 2000 because their programmes are not
capable of recognising the date.

The news of extra funds come as a leading British expert
warned that there was simply not enough time to get all
affected computer systems fixed

The Prime Minister Tony Blair is expected to announce
the cash when he addresses the business community
on Monday.

He will tell business leaders that they need to do more
to prepare for the bug.

Speaking at a conference entitled "Tackling the
millennium bug", he is expected to tell them time is
precious and action crucial to prevent serious losses or
even business failures.


news.bbc.co.uk