Plucked from csy2k.
On Sat, 30 Jan 1999 00:12:53, "SB"
wrote:
IBM Corp expects governments, retail and petrochemicals companies and small manufacturers in emerging markets to be surprised by the millennium computer bug, a senior executive said Friday.
George Corsilia, vice president, emerging markets corporate, said firms which used lots of personal computers felt they were insulated from the bug. ``Retail firms, petrochemicals firms and local manufacturers in emerging markets have distributed systems. They will be surprised...and it will cost them...and cost them a lot more as they will discover the problem late,'' he told Reuters at an international software conference.
I saw this in NEXIS. Good catch. It'll be bad.
cory hamasaki 336 Days, 8,065 Hours.
Ray
-- Ray (ray@totacc.com), January 30, 1999
its at
http://dailynews.yahoo.com/headlines/tc/story.html?s=v/nm/19990130/tc/
ibm_15.html
Yahoo! News
Technology Headlines
Saturday January 30 1:51 AM ET
IBM Sees Y2K Hurdles In Emerging Markets
BOMBAY, India (Reuters) - IBM Corp expects governments, retail and
petrochemicals companies and small
manufacturers in emerging markets to be surprised by the millennium
computer bug, a senior executive said Friday.
George Corsilia, vice president, emerging markets corporate, said
firms which used lots of personal computers felt
they were insulated from the bug.
``Retail firms, petrochemicals firms and local manufacturers in
emerging markets have distributed systems. They will be
surprised...and it
will cost them...and cost them a lot more as they will discover the
problem late,'' he told Reuters at an international software
conference.
The millennium bug, known in the software industry as Y2K, refers to a
problem with computer chips which might read 2000 as 1900,
possibly erasing valuable data and causing disruptions in equipment
ranging from complex air control systems to simple consumer
appliances.
IBM lists India, China, Brazil, the ASEAN region and Poland, Hungary
and the Czech Republic among emerging markets.
Corsilia added that governments in emerging markets were also
ill-prepared to meet the challenges the millennium bug might throw up.
``Governments have lots of old systems, many of which were put into
place over the last 10 to 15 years. These systems use a lot of local
software which is poorly documented,'' Corsilia said.
``Even if they were to start today, it would take a lot of time for
governments to document all the diverse solutions they use.''
He said banks were at the other end of the spectrum and led the way in
fixing the problem, though its magnitude was huge.
``Banks, by and large, have been aware of the problem and have been
working on their projects for the last two years. Many of them are
well on their way to fixing it,'' Corsilia said. Friday, 29 January
1999 06:47:07 ENDS nBM015394
-- a (a@a.a), January 30, 1999.