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To: Alex who wrote (34082)5/18/1999 10:43:00 AM
From: John Hunt  Read Replies (1) | Respond to of 116795
 
Big Companies Falling Behind in Year 2000 Repairs

<< The largest companies in the nation continue to fall behind their schedules for Year 2000 repairs, and most suspect that their budget estimates for the remaining work are too low, according to a survey in April that was the latest in a closely watched series that began in 1994.

About 22 percent say they do not expect to have all of their critical systems tested and ready to adjust when the clock ticks over to Jan. 1, 2000. That is up from 16 percent in November and 12 percent last August.

The number of companies that have actually encountered a computer failure stemming from Year 2000 date miscalculations jumped to 72 percent in April from 55 percent in the previous survey, which was completed in November. Eight percent of the 152 Fortune 500 companies and 14 government agencies responding said they had severed relations with a supplier, customer or partner because of Year 2000 problems. This is the first time that such moves have been reported. >>

nytimes.com