SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?


To: C.K. Houston who wrote (20357)7/9/1998 11:50:00 PM
From: John Miz  Read Replies (2) | Respond to of 31646
 
Speaking of compliancy...

The company that I work for sent out a survey to approximatley 4000 of our critical suppliers asking them in essence if they were Year 2000 compliant.

As of June 22, we only had a little over 700 responses.

And just looking over those 700, I saw only a couple that said "true"
they were compliant...

Seems like corporate America, utilities included, have a lot of work to do.

John



To: C.K. Houston who wrote (20357)7/11/1998 1:26:00 AM
From: Marji  Respond to of 31646
 
Cheryl and ALL,
I am a new subscriber but a long time reader. Regarding the question, have any companies said they were compliant?, my friend works for Sony and when I asked him if he thought he'd have a job in another year, he said Sony had published to it's customers that "We are compliant." He did not recall any details, or if anything was submitted to the SEC.

I don't know if that invites or precludes any liability, but apparently their legal department okayed the disclosure. This was in response to customers' queries if Sony was compliant. That was their firm answer.

Marji



To: C.K. Houston who wrote (20357)7/12/1998 9:04:00 AM
From: C.K. Houston  Respond to of 31646
 
Chrysler is demanding CONTINGENCY PLANS plans by this September from the 10% of its suppliers that it considers at high-risk for Y2K difficulties. "The last thing we want to have happen is to have to execute a contingency plan," says Robert Buck, manager of the Y2K effort at Chrysler. "But if we have to bank parts, we will. If you think there is going to be a problem, it's better to plan for it
now."

Chrysler's business systems were 82% Y2K compliant as of the end of May, when its dealers' systems were 72% compliant. Chrysler believes it is well ahead of most companies in its Y2K effort because it started earlier. In late 1995 it began tackling the four-digit year problem.

But like many other manufacturers, it didn't realize the extent of the millennium fallout on factory-floor systems until about a year ago.

A contingency plan can take a variety of shapes. For some firms, it may require assessing how vital functions can be performed manually and determining the staffing. "It means taking a business process out of its technological dependence and running it with human beings," says Woodward.

But it also could entail taking more strategic steps, such as outsourcing an entire operation or, for that matter, selling off an entire division or unit that isn't likely to be ready in time.

EXCELLENT ARTICLE - Definitely worth reading
industryweek.com
Y2K Fallback? - Strategies for those who know they won't beat the millenium clock.
INDUSTRY WEEK MAGAZINE