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Technology Stocks : ACLY- ACCELR8. Year 2000 Stock -- Ignore unavailable to you. Want to Upgrade?

To: ThirdEye who wrote (1333)	4/25/1998 8:56:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 1518

U.S. Urged to Speed Its Year 2000 Fix Intel's Grove Warns of 'Ugly' Situation By Mark Leibovich Washington Post Staff Writer Friday, April 24, 1998; Page F01 The federal government faces an "ugly" situation if it does not step up efforts to correct the year 2000 programming error in its agencies' computers, the head of the world's largest chipmaker said yesterday. Andrew S. Grove, chief executive of Intel Corp., gave an assessment far more pessimistic than is commonly heard from Silicon Valley executives. Congress should convene weekly hearings with each branch of government, he said, to discuss how they are attacking the problem, which threatens to drive computers haywire when the 1990s end. By the end of this year, he said, each agency should have to have a plan in place to deal with the problem; in 1999, as the critical year approaches, their systems should be thoroughly tested. If this is not done, Grove said, the government has "no chance" of any meaningful compliance. Meeting yesterday with Washington Post reporters and editors, Grove said he put this proposal yesterday to a U.S. senator whom he declined to identify publicly. On hearing it, the senator "blanched because they are so far away," Grove said, adding that his own corporation is spending about 20 percent of its information technology budget on correcting year 2000 problems. "The problem's going to be pretty bad," Grove said. John Koskinen, who chairs the president's council on year 2000 conversion, disputed Grove's assessment, saying the government will be prepared. He recently finished meeting with officials from 40 government agencies to discuss the problem. "Based on these meetings, I am confident that all of the mission-critical systems of the government will function effectively," Koskinen said. The coming century could bring widespread calamity to the world's computer systems because of a simple oversight: Many of them were programmed years ago using a two-digit dating system that assumes that 1 and 9 are the first two digits of a given year. Unless these systems are reprogrammed -- a task that often requires fluency in archaic computer languages -- the machines will recognize "00" not as 2000 but as 1900. This could cause them to go berserk, or crash altogether. <snip> Full story: washingtonpost.com BTW, I wonder what kind of computers Intel uses on their factory floors? And why did I happen to post this article on the ACLY thread? (gg) - Jeff