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Technology Stocks : 2000 Date-Change Problem: Scam, Hype, Hoax, Fraud -- Ignore unavailable to you. Want to Upgrade?

To: David Eddy who wrote (1058)	12/21/1998 2:19:00 AM
From: Cheeky Kid	Read Replies (1) \| Respond to of 1361

When I think of Y2K, I think of this: comsecltd.com Excerpt: The Hare virus panic illustrates the continuing need for more and more media criticism, particularly when it comes to technology stories.

To: David Eddy who wrote (1058)	12/21/1998 9:20:00 AM
From: Sawtooth	Read Replies (1) \| Respond to of 1361

David: Maybe we're simply not connecting here, no disrespect intended. A simple example: I work in a large financial institution. We receive data files all the time from other financial institutions we interact with. Some, for instance, are records of payments on loans we participate in. If a transaction record says that a $5,000,000 payment was made on a loan with a balance of $800,000, zippo! ...that transaction is sent out to an exception file for follow-up and subsequent reprocessing. If the data file we receive says the payment made was $200,000 plus accrued interest, and the balance is $800,000, the system will process the transaction and update the records; including the update files we forward to the downstream participants. It's a perfectly valid transaction. A Year 2000-related error at some point in the chain could result in an error in the interest calculation, depending on the program. In which case the transaction(s) would need to be unwound by everyone. No, not rocket science; basically everyday transaction processing. But the possible Y2K-induced interest calculation error is what might make it different from every other day. Otherwise, why bother doing any program renovation and testing for Y2K? If our thoughts are crossing like two ships in the night, I suggest we move on to another subject. Regards.