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Technology Stocks : Y2k Denial on SI -- Ignore unavailable to you. Want to Upgrade?

To: Jim Morrison who wrote (96)	7/28/1998 10:11:00 PM
From: Stephen Smith	Respond to of 151

I'm getting more concerned about this problem. While the major global corporation I have helped with this will probably be ready, I'm seeing more and more signs of inaction and stupidity. According to the Gartner Group, who call or visits people in 15,000 companies and government agencies in 87 countries every 12 weeks: 1. A full 35% of the world's businesses and government agencies have either no year 2000 activity whatsoever or are only now figuring out the scope of their problem. 2. Another 15% have a fairly good idea of what must be fixed but are still putting together their budgets, test plans and impact analysis. 3. And about 25% of the organizations surveyed have completed one-fifth of the necessary work. I found this information in the July 13, 1998 issue of Computerworld. By the way they have articles every issue about the Y2K problem. IN THE SAME ISSUE, an article states that a study by Merrill Lynch investment analysts found that only three of 3,800 companies worldwide are deemed unlikely to have systems ready for the year 2000. The Merrill Lynch survey contradicts the Gartner Group research almost totally. Who is right? From some things I've seen, I think the Gartner Group is closer to being right. I have talked to one mid-size corporation and one large state goverment agency recently and neither one has even started to research how big a problem they have, much less fix anything and system test.