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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (13361)	12/7/1998 8:34:00 AM
From: bob	Read Replies (2) \| Respond to of 13949

Please visit our sponsors! DJIA 9016.14 0.00 NASDAQ 2003.16 0.00 S&P 500 1176.74 0.00 30 Yr Bond 5.015 -0.02 FreeRealTime.com presents Today's Stock Pick, by Harry Aloof Setup your personalized stock list. News December 7, 08:22 Eastern Time EL SEGUNDO, CALIF. (Dec. 7) BUSINESS WIRE -Dec. 7, 1998-- The Y2K Bug is Just the Beginning, Says President of Galorath Incorporated The billions of dollars that American businesses have already spent fixing their Year 2000 (Y2K) problems are just the beginning, says Dan Galorath, president of Galorath Incorporated, an industry-leading software and consulting company. Galorath develops and markets parametric modeling software to large organizations including Boeing, TRW, U.S. Air Force and Army, GTE and Booz Allan & Hamilton. What he calls the Year 2000 Aftermath (Y2KA) -- the appearance of newly created defects in software brought about by changes made during Y2K repair -- will cost U.S. companies an additional $98 to $188 billion dollars to fix. This is approximately 31 percent of what they will have already spent on Y2K renovations. "Y2KA problems occur when a seemingly innocuous change to a software program brings about unwanted side effects that result in the creation of new defects," said Galorath. "This is especially common in older applications -- the very ones being renovated to fix the Y2K problem -- because they were written in original languages to run on slower machines with less memory and disk space than state-of-the-art hardware." In quantifying the Y2KA problem for a major American corporation, Galorath engineers used SEER-SEM, their software estimating application, to determine that the company needed to renovate 682 different systems, comprising over 44 million lines of code. Their analysis predicted that after the massive effort of renovating and testing their software, they would still have to contend with over 8000 new defects in their renovated systems. "Unfortunately, Y2KA defects will not be discovered until the systems are in full operation," he said. "Some problems will be immediately obvious, like leap year confusion. But most will be side effects that are unrelated to Y2K issues. Systems that are supposed to run continuously, for example, may stop intermittently. These problems will require debugging and repair while still in production--the most costly maintenance possible." According to the SEER-SEM analysis, about 35 percent of these defects can be detected and repaired within the first year. The more subtle problems will show up during the second and third years of operation. "Our client's software inventory -- the basis for this analysis -- is typical of most multi-billion dollar companies in the U.S. This indicates that the top 500 American corporations will have to deal with over four million new defects caused by Y2K repair work. "But that is just the tip of the iceberg: our analysis does not quantify financial losses caused by the malfunction or failure of mission critical systems." Galorath believes that Y2KA is an important issue that has been overshadowed by its better known predecessor. "Many companies, upon completing the lengthy and costly process of Y2K renovation, will not be prepared for the grim aftermath that awaits them," he said. "Although Y2KA problems are inevitable, if IT managers take preventative steps now -- in the form of comprehensive and repetitive testing and evaluation before the systems are deployed -- they will be able to save their companies considerable time and money." About Galorath Incorporated Galorath Incorporated, headquartered in El Segundo, Calif., is a twenty year-old, industry-leading software and consulting company that develops and markets software based on parametric estimation technology. SEER tools enhance critical management and technical decision making by addressing cost, scheduling, risk and reliability in software and product development and manufacturing optimization. For additional information please telephone Galorath Incorporated at 310-414-3222 or visit their Website at www.galorath.com

To: SOROS who wrote (13361)	12/7/1998 11:24:00 AM
From: Risky Business	Read Replies (2) \| Respond to of 13949

State of Geneva, Switzerland, has awarded ALYD a contract to provide Year 2000 remediation services. Working with its Swiss Business Partner ETV Software Engineering on the assignment, Alydaar will help test and fix various components of the government's software infrastructure. The State of Geneva (http://www.geneve.ch) is one of the largest Cantons in Switzerland and has in excess of 30 million lines of computer code to remediate. The allocated budget for the Y2K projects is CHF 30,000,000 (approximately US$20,000,000). ''I am excited that the State of Geneva has selected the Alydaar solution to attack its Year 2000 bug,'' said Robert Gruder, Chief Executive Officer of Alydaar. ''This is a significant piece of business for Alydaar, representing a major contribution from a valued business partnership. I am confident that this announcement will be one of many within the region in both the public and private sectors.'' ETV Software Engineering is one of Alydaar's authorized distributors in Europe and acts as a representative of Alydaar in Switzerland. For the State of Geneva project, ETV Software Engineering will acts as the project manager on behalf of Alydaar, for all of the testing and remediation work. ''We chose to work with Alydaar in the Year 2000 marketplace because of the industry-leading qualities of their SmartCode solution -- speed, quality and cost-effectiveness,'' said Gerald C. Levine, Managing Director of ETV Software Engineering. ''We look forward to working with them on this and future contracts.'' Monsieur Claude Convers, Year 2000 co-ordinator for the State of Geneva stated, ''The Year 2000 is approaching very fast -- without 100% compliant systems we will not be able to transition into the millenium. Given our array of code and systems, we needed a Year 2000 solution that would be fast and simple to implement. The Alydaar solution provides a great degree of flexibility and simplicity.'' About Alydaar Software Corporation Alydaar Software Corporation is a software re-engineering company, specializing in computer language translation and systems migration services. Its central focus for the past two years has been resolving the Year 2000 problem. Using SmartCode, its core re-engineering technology, Alydaar remediates or audits most computer languages on most hardware platforms. Alydaar's clients include: Advanced Micro Devices (AMD) Northern States Power (NSP), 3M (MMM), Nabisco (NA), DuPont (DD), Whirlpool (WHR), RJ Reynolds (RJR), and McDonnell-Douglas (MD), among others. Alydaar also provides remediation services under a strategic alliance agreement with Compuware Corporation (CPWR). More information about Alydaar Software Corporation and its services can be found on the World Wide Web at alydaar.com. SOURCE: Alydaar Software Corporation