To: david sosiak who wrote (27348 ) 2/2/1999 10:12:00 AM From: bob Respond to of 31646
Yahoo! News Technology Headlines Tuesday February 2 8:56 AM ET Millennium Bug May Not Have A Nasty Bite By Alice Ratcliffe DAVOS, Switzerand (Reuters) - Industry leaders, including Microsoft chairman Bill Gates, told the World Economic Forum's annual meeting they believe the millennium bug, aside from some possible glitches in delivery and supply, may pose only modest problems. ''We may see 12 months where people are distracted getting their things ready,'' Microsoft Corp (Nasdaq:MSFT - news)'s Gates told a panel discussion. ''But I agree with the general sentiment here, that of the range that people have thought about in terms of the problems that will occur, it will be below the middle of the panic that some people have suggested,'' Gates said. Some experts have predicted chaos if computer systems fail when they cannot read the year 2000 correctly. Some believe electricity and water systems will break down, air travel will be dangerous and banks will fail. Most top executives here believe the impact will be modest, though it may prove a boon for companies providing standardized systems and packaged software to deal with the issue. ''The worst problem I see is the uncertainty when approaching that very day'' before 2000 when clocks tick over, said Goran Lindahl, chief executive officer of ABB Asea Brown Boveri. World readiness ''varies widely. I do not forecast a lot of catacyclismic events, but I think there will be a lot of small things that will go wrong related to basically not having gotten totally prepared for the year 2K,'' Lindahl said. ABB has had nearly 1,000 people working on this issue for a year, he added. Toshiba Corp President Taizo Nichimuro, who is advising the Tokyo government on Y2K readiness, said Japan was catching up: ''Japan was a little bit late ... but we are coming very close to the level of the United States or Europe.'' He acknowledged Japanese banks have financial problems but said banks had already made preparations to combat the millennium bug when the sector was more profitable. Jeff Bezos, head of online bookseller Amazon.com Inc said the problems were unlikely to be overwhelming, but the issue was creating some uncertainty. ''The problem is that even if companies do a good job of eliminating the Y2K dependencies from their own systems, you do not know if all of your vendors have eliminated the Y2K dependencies from their systems,'' he told Reuters. ''It is impossible for any company to assure that there are no Y2K problems. But...my guess is that because there has been so much hype maybe nothing will happen,'' Bezos said. Sun Microsystems Inc (Nasdaq:SUNW - news) Chief Executive Scott McNealy said YK2 may prove a boon of sorts in the second half of 1999. He said problems in the Asian supply chain could favor those who have stockpiled computers before 2000. ''People are talking about stockpiling cash, water and canned goods. Given what I and everybody else in the computer industry knows about Asia, it might not be a bad idea to stockpile some computers for the next millennium,'' McNealy said.