As you all know, one of the most important issues confronting business in 1999 is the Year 2000 bug
that threatens to wreak havoc on electronic systems.
For at least 10 years, the news media have reported on the "millennium bug." In 1988, for example, the New York Times quoted one federal government official: "Those who don't take the problem seriously are going to be faced with a real problem in the 1990s." The same story continued: "It could be an absolute horror show for anyone with mainframe computers."(3) The Internet is filled with web sites devoted to the Year 2000 bug
, such as www.Year2000.com.
Standalone computers face the same threat from the year 2000 bug
as the big mainframes do.
year 2000 bug
. Factory Mutual's RECORD magazine (volume 75, #4) explores
A similar warning last month from the Securities and Exchange Commission (SEC), concludes that corporate America has been deficient in its preparation for remedying the year 2000 bug
, and goes on to note that many companies have not been sharing information about their readiness and the costs of their computer upgrades.
Finally, for an amusing discussion of the Year 2000 bug
and a blatant commercial, visit Apple's Web site and see a Web-based cinematic advertisement on this topic.
The Year 2000 bug
is generating headlines and controversy as companies pour millions of dollars into testing for year 2000 (Y2K) problems.
* The Year 2000 Information Center www.year2000.com The site details the legal impact of the Year 2000 bug
And one new issue confronting retailers has them seeing red as they look ahead -- the Year 2000 bug
. The meltdown that could arrive if computers read next year as 1900 has already caused some problems with valid credit cards being rejected as expired.
What is alternatively called the "Year 2000 Bug
," "The Millennium Bug' or the "Y2K Crisis" combines something that in historical terms is rather young - computer technology - with a habit that is as old as humanity - procrastination.
Firms in the region already face a pounds 5 billion bill to tackle the Year 2000 bug
- which means computers may break down on January 1 in the year 2000.
The program, which began this year, was designed by Mike Gilliam of Little Rock, a UA engineering graduate who now organizes the company's efforts to solve computer problems related to the "Year 2000 bug
." Recently, the company hired two summer interns from the college, one of whom will work in Fayetteville and the other in Little Rock, both of them in the company's engineering construction department.