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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: RavenCrazy who wrote (2545)	1/28/1999 10:32:00 AM
From: Rande Is	Read Replies (1) \| Respond to of 57584

Government Agencies Behind the Curve on Y2K Issue CHARLOTTE, N.C.--(BUSINESS WIRE)--Jan. 28, 1999--According to Computer World, only 23% of adults believe the Y2K Bug will affect them. OK, get ready for this. Representative Stephen Horn, chairman of the House Subcommittee on Government Management, Information, and Technology, rated the government's Y2K progress D on a scale of A through F. Listed below are some major government agencies and their level of preparedness for the Y2K transition. -0- T Agency Compliance % Services Threatened Social Security .92 Disability pay Treasury .89 Tax returns Transportation .38 Air traffic control Health & Human Services .34 Medicare Defense .29 Military readiness Source: Computer Week (November 26, 1998) T According to Representative Horn nearly one-third of mission-critical systems will not meet the President's March 1999 deadline for being Year 2000 compliant. According to Watch 2K's preliminary survey responses, the private sector is doing a little better. Watch 2K is a not-for-profit organization that follows the Y2K issue and presents any information that it finds to the consumer free of charge. A record of companies who have and have not resolved the Y2K issue is available at www.y2kalert.org. The companies listed below are early respondents to the Watch 2K survey and are to be commended for their proactive stance regarding the Y2K issue. Utilicorp United Inc. (NYSE: UCU), Unicom Corp. (NYSE: UCM), UCBH Holdings Inc. (Nasdaq: UCBH), United Cos Financial Corp. (NYSE: UC), Theretech Inc. DE (NASDAQ: THRT), T HQ Inc. (Nasdaq: THQI), Think New Ideas Inc. (Nasdaq: THNK), Service Master Co. (NYSE: SVM), Stanford Telecommunications Inc. (Nasdaq: STII). These companies are aggressively dealing with the Y2K issue and either are currently in compliance or will be compliant by the new millenium. However, other companies may not have addressed this issue. Concerned investors can visit www.y2kalert.org to access a database of over 9,000 publicly traded corporations and see where other companies stand in regard to Y2K. Watch 2K is a public information service and receives no compensation from any company discussed. The conclusions in this press release and on the site are derived from the companies in question and credible sources of information regarding these companies. The information is believed to be accurate as of the date of publication however its employees and directors hold no responsibility for the accuracy of statements and figures displayed. CONTACT: Watch 2k, Charlotte Paul Landau, 888/220-3843