To: Hawkmoon who wrote (15527 ) 4/27/1998 8:19:00 AM From: Brewmeister Respond to of 31646
Interesting little promotional news: <HTML><FONT COLOR="#000000" SIZE=5>Clarke & Company Warns of Escalating Y2K Concerns <FONT COLOR="#000000" SIZE=3> BOSTON, April 24 /PRNewswire/ -- The first wave of Year 2000 Millennium Bug lawsuits has begun, and costs estimates for dealing with the Y2K problem continue to rise. "Perception is becoming reality," says Brian Delaney, Clarke & Company Executive Vice President and Director of its Crisis Communication Center. "Companies need to have a communications plan in place to demonstrate to their critical audiences that they are dealing proactively with and are in control of the situation. This is a classic example of how companies can prevent a crisis from happening through planned strategic communications." Indicators causing heightened concern include: -- Class-action complaints filed by end-users against software developers in Ohio and California. -- Nearly 200 other Y2K-related legal disputes have arisen, according to a Gartner Group survey released April 8. -- The cost of business disruptions and the resulting litigation is put at $1 trillion by Ascent Logic, a San Jose, CA-based systems engineering company that helps insurance companies write Year 2000 policies. -- That's in addition to the cost of dealing with the Millennium Bug itself. Analysts estimate the total cost to U.S. companies for fixing the bug at anywhere from $115 billion to $670 billion. "The Y2K problem is real, it is pervasive and it is potentially deadly for businesses and organizations that fail to handle it effectively," says Delaney. "Every business needs to do two things: -- Have a strategic communications plan in place and operating now to assure your critical audiences that you are in control of the situation. -- Be prepared for the reality that if damage to your business does result from either real trouble or from the perception of trouble, the officers and directors of your company can be held personally liable." Clarke & Company's Crisis Communication Center formed a Year 2000 Team two months ago and is helping companies to communicate how they are dealing with the Millennium Bug. Clarke & Company, based in Boston, has more than 20 years' experience in helping businesses and organizations deal with crisis communications. For more information on Clarke & Company and its Y2K programs, visit its website at www.clarkeco.com. SOURCE Clarke & Company CO: Clarke & Company ST: Massachusetts