Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Information Architects (IARC): E-Commerce & EIP -- Ignore unavailable to you. Want to Upgrade?

To: Larry Brew who wrote (9443)	1/15/1999 7:07:00 PM
From: MACA	Respond to of 10786

INTERVIEW-HP(HWP.N) to form Asian Y2K crisis teams NEW DELHI, Jan 15 (Reuters) - Hewlett-Packard(HWP.N) is forming teams of experts in different Asian countries to tackle millennium bug problems for its clients, the firm's Asia Pacific chief said on Friday. ''We are worried about it (the millennium bug). Asian firms lag behind western companies in dealing with the problem,'' HP's president and managing director, Asia Pacific operations, Dick Warmington, told Reuters on the sidelines of a news conference. If the bug is not fixed, computer chips running everything from household products to complex aviation systems may recognise the year 2000 as 1900, resulting in malfunctions. As the end of 1999 approaches, analysts predict that many firms will not be able to fix the problem in time. Warmington said that awareness of the Y2K problem was growing in Asia, but many of HP's clients had been focussed on financial issues arising from the region's economic crisis and had little time left to deal with the issue. ''There is a real reason to be worried. It's a pervasive kind of problem. You don't want to worry about it (the millennium bug) as you have other business issues to worry about, but it will catch up with you.'' HP would endeavour to have people ready to respond to a crisis that its customers might have ''when, all of a sudden, something isn't working because of this problem,'' he added. Warmington said HP, which had sales of some $6.0 billion in Asia Pacific in 1997/98 (Oct-Sept), would probably have hundreds of people addressing the problem across the region. 10:35 01-15-99