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

To: Henry who wrote (1765)	7/20/1998 8:42:00 AM
From: ctirry	Respond to of 2011

I listened to Sen. Bennett(R-Utah) on C-Span yesterday in a broadcast from earlier in the week of a talk he gave to the Washington Press Core. (He is the senator in charge of y2k issues). The main points I got were that some agencies were well prepared like social security but others-IRS, HCFA,DOD- were far behind. In addition, relevant to business after 1/1/00, he indicated that work correcting the problem would extend a few years into the next millenium because most companies will not have the job finished in time.

To: Henry who wrote (1765)	7/20/1998 4:07:00 PM
From: _scott	Respond to of 2011

N.S.'s reason for delay . . . Scott: You can blame this one squarely on me. We set (or rather, I set) too aggressive an earnings reporting date. There's an axiom that "good" companies report early, and I want IAI to be known as a "good" company. Our problem, however, is that our sales come from disparate sources and there must be a complete audit trail for those sales. Moreover, we're a company with a relatively small accounting department and, hence, fewer people to complete the close. With the benefit of 20/20 hindsight, we ought to have set an original reporting date in the fourth week of the month following the close; not the third week. We can then advance the date to an earlier schedule only when we have all of the checks in place to be comfortable reporting at an earlier date. That way, we don't end up causing heartburn by pushing back our earnings reporting date. Neal Sanders