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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: Steve Woas who wrote (1544)	5/2/1998 12:25:00 PM
From: Stewart V. Nelson	Respond to of 9818

<<<Many companies will fail in their Y2K effort because they do not have time to test properly.>>> No argument there....perhaps they could call Tracor? TRACOR INC /DE 3/25/98 12/31/97 1266 02 CAPITAL GOODS 0203 Aerospace & Defense Tracor is helping a number of customers resolve their looming Year 2000computer problems. Using methods which adhere to the software capability maturity model, Tracor estimates it will perform an independent verification and validation of a variety of systems with up to 60 million lines of code. Building upon a 29-year history of providing information technology solutions to the federal and commercial marketplaces, Tracor is continuing its work in the design, development, and integration of commercially available hardware and software products through various contracts. Some of these include providing commercial off-the-shelf products to a wide range of Department of Defense and other government users; hardware, software, and peripherals which can be ordered and purchased through Tracor's web-based electronic ordering catalog; and other information technology products for various members of the intelligence community. Year 2000 Over the past several years, Tracor management has assessed its current major computer-based information systems, including hardware and software, in each of its major operations. Tracor's current systems and vendor products were matched against the Company's information systems requirements. Such requirements included whether computer systems will properly recognize date-sensitive information when the year changes to 2000. Tracor made product selections and is in various stages of implementation with all critical systems scheduled to be in place by December 31, 1998. Tracor's selections are designed not only to solve the Year 2000 issue, but also to improve operations with new or upgraded applications. Management believes these upgrades to existing software and conversions to new software will preclude Year 2000-related problems for its computer systems. The cost of the upgrades and conversions have not had and are not expected to have a material effect upon the results of operations or the financial condition of the Company. However, if such upgrades and conversions are not made, or are not completed timely, the Year 2000 issue could have a material impact on operations. The Company is in discussions with its vendors in order to determine the extent to which Tracor's interface systems are vulnerable to those vendors' failure to remediate their own Year 2000 issues. Although Tracor has received confirmations of each vendor's plans to address Year 2000 issues, there is no guarantee the vendor's systems with which the Company's systems interface will be converted timely and will not have an adverse effect on the Company's systems. However, Tracor is tracking this issue closely in order to be able to respond to any potential problems in this area at the earliest possible time. Management has determined Tracor should have no material exposure to contingencies related to the Year 2000 issue for the products and services it has sold.