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Technology Stocks : INFORMATION ANALYSIS (IAIC) - YEAR 2000 Date Remediation -- Ignore unavailable to you. Want to Upgrade?


To: Graham Dellaire who wrote (1678)6/10/1998 10:28:00 PM
From: _scott  Respond to of 2011
 
But Y2K may soon get a lift . . .
On Nightly business Report tonight, Scott Gurvey mentioned that the securities dealers must become Y2k compliant & report progress by July 13.
(that's just one week before IAI's reported earnings are expected.
Convenient news don't you think ?)

quote.com

How SIA Is Preparing For Y2K SUSIE GHARIB: There are only 569 more days left before the start of the year 2000 and many companies are worried that might not be enough time to fix the Year 2000 computer glitch. But the securities industry is about to take a big step toward making sure that its systems will be ready:

SCOTT GURVEY, NIGHTLY BUSINESS REPORT, CORRESPONDENT: Monday, July 13, will dawn as a normal day for most of the nation's stock markets. But for a handful of usually back room experts and their computers, it will seem as if it is already December 29, 1999. For on that day, the securities industry will conduct its first test to see if the complex systems that make the trading of stocks, options and bonds happen, are ready for the year 2000. Twenty-nine of the industry's biggest brokers, the exchanges, and clearing firms will participate. Four-hundred member firms will join the test next year. The Securities Industry Association has organized this cooperative effort which began in 1995. The industry expects to spend $5 billion making its systems, Year 2000 complaint.