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To: lorne who wrote (24198)	12/12/1998 8:21:00 PM
From: Ron Everest	Respond to of 116959

Interesting Y2K article. It mentions that failures will start to show up due to 1 year budget projections and other 1 year future needs. We ran into Y2K problems 5 years prior to 1/1/2000 when using asset/liability risk management programs. These are used to manage the gap between various assets and liabilities and were involving interest rate risk in a financial environment. The data was stripped off of the data base and formulated in secondary software. This did not take very long to fix, but did involve some months delay. In this same thinking, when Y2K remedial software is implemented there will be a host of software which was running off of the data base that will need to be modified, or re-written. The implications if similiar to such industries as power, medical, governmental, military and so on are likely huge. The basic program works with the Y2K remedial data base software, but the secondary periferal software takes many.....many months of work to re-configure. Best regards, Ron E