To: TH who wrote (28883 ) 2/24/1999 5:53:00 PM From: Manzanillo Read Replies (1) | Respond to of 31646
Embedded Chips Could Malfunction in Y2K CHARLOTTE, N.C.--(BUSINESS WIRE)--Feb. 24, 1999--Embedded chips are the brains of mundane devices that nobody notices yet are essential components of everyday life; things like elevators, alarm clocks, and microwave ovens. According to the Computer Journal, January 1999, 95% of these chips are completely independent of year based functions. However that leaves thousands of little gremlins that aren't and may very likely disrupt the lives of businesses and households alike in all sorts of annoying little ways. Although it is unlikely that these little monsters will cause an economic meltdown, it does make sense for people and businesses to have redundancy plans in place that will enable mission critical tasks to be accomplished regardless of service interruptions or inaccurately reported information. Watch 2K is a not for profit organization that follows the Y2K issue. A record of companies who have and have not resolved the Y2K issue is available to consumers free of charge 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. Health Management Associates (NYSE: HMA), Primus Telecommunication (Nasdaq: PRTL), Raytech Corp (NYSE: RAY), Q Logic Corp (OTC: QCSC), RJR Nabisco Holding (NYSE: RN), Rohm & Haas Co (NYSE: ROH), Rayovac Corp (NYSE: ROV), Ultralife Batteries (Nasdaq: ULBI), Unidyne Corp (Nasdaq: UDYN), College Television Network (Nasdaq: UCTN), Tivoli Industries Inc (Nasdaq: TVLI), Autotote Corp (AMEX: TTE), Santa Fe Financial (Nasdaq: SFEF), Seagull Energy Corp (NYSE: SGO) 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 data base 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 KEYWORD: NORTH CAROLINA