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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: Eski who wrote (3179)	1/7/1999 3:15:00 PM
From: J.L. Turner	Read Replies (2) \| Respond to of 9818

Eski You are doing a great job but I fear you are the little Dutch boy with his finger in the dyke.Unfortunately all those promises done by 12-31-98 with all of 1999 for testing didn't materialize.Those folks at the Natural Gas Council and the American Petroleum Institute apparently didn't talk to the folks @ BP By Kath Cummins A survey conducted by oil major BP of its 15,000-strong customer base has found that many of the company's customers and suppliers are far from prepared for the millennium bug. The ignorance of "supply-chain risks" is the key finding of a survey conducted by oil major BP of its 15,000-strong customer base. Released yesterday, the survey reveals that more than 35 per cent of BP customers either did not view the Y2K bug as affecting them or had yet to commence any preparations. And of those who had a Y2K program in train, the majority had failed to consider the impact that the failure of their supplier or customer systems could have on their profitability. "The degree to which an enterprise relies on third parties and the risks that flow from those dependencies appear to be poorly understood," the survey concluded. "Businesses have been focusing on their IT systems and not third parties," said BP's Year 2000 commercial project manager, Mr Glenn Anderson. He said the purpose of the survey was to raise awareness among BP's customer base of supply-chain risk after anecdotal evidence suggested businesses were pursuing an isolated approach. "Companies have to realise it is not just their accounting systems at risk but also their customers and suppliers," Mr Anderson said. The survey found only 13 per cent had completed necessary repair or replacement programs. More than 10 per cent of management showed low levels of awareness about the Y2K issue as a whole. TRUST BUT VERIFY J.L.T.