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

To: jwk who wrote (3301)	1/15/1999 5:15:00 PM
From: jwk	Respond to of 9818

>>>>Bennett's committee also issued a statement Thursday to accompany the letter out of concern ''that rosy public predictions may be masking serious Y2K compliance problems in the federal government.''<<<< Bennett Urges President To Make Y2K a Priority BY JOHN HEILPRIN THE SALT LAKE TRIBUNE WASHINGTON -- Utah Republican Sen. Bob Bennett and three other congressional Republicans on Thursday implored President Clinton to make Y2K computer compliance a ''national priority'' in the 2000 budget proposal. ''The consequences for our economy could be dire if the necessary resources are not devoted to fix a problem that can be solved. To ensure that happens, we urge you to make a resolution of the Year 2000 computer crisis a national priority,'' said Bennett, chairman of the Senate Special Committee on the Year 2000 Technology Problem. The three-page letter to the White House was jointly issued by Bennett; House Majority Leader Dick Armey, R-Texas; Rep. Stephen Horn, R-Calif., chairman of a House subcommittee information and technology; and Rep. Constance Morella, R-Md., chairwoman of a House subcommittee on science technology. Bennett's committee also issued a statement Thursday to accompany the letter out of concern ''that rosy public predictions may be masking serious Y2K compliance problems in the federal government.'' The computer problem arises from two-digit programs that might not recognize the four-digit 2000. According to the General Accounting Office, the federal government will spend as much as $6.5 billion on Y2K remediation. Another $3.35 billion was provided by Congress in its last session to pay for government compliance, of which $1 billion already has been spent.