Hundreds of computer problems have been
reported since the century date change on
Jan. 1, with virtually all of them quickly
corrected and none of them causing serious
disruptions.

But the panel, which disbanded Tuesday under
its charter, said the full extent of Y2K
disruptions probably would never be known
``because there is no incentive for corporations
or countries to openly report problems.''

San Jose Mercury News

-- spider (spider0@usa.net), March 01, 2000

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http://www.mercurycenter.com/breaking/docs/081667.htm Posted at 1:24 p.m. PST Tuesday, February 29, 2000

U.S. Senate panel blesses Y2K spending

WASHINGTON (Reuters) - The estimated $200 billion spent worldwide to dodge Year 2000 computer problems averted what would have been a crisis, a special U.S. Senate Y2K Committee said Tuesday in its final report.

'`It is the committee's judgment that the level of effort was justified and the expenditure of funds was indeed necessary,'' said the bipartisan panel, chaired by Robert Bennett, a Utah Republican, and co-chaired by Christopher Dodd, a Connecticut Democrat.

According to the Commerce Department, the United States is spending an estimated $100 billion to make sure computers do not confuse 2000 and 1900. The figure includes $8.5 billion spent by the federal government. Worldwide, the combined figure, including the United States, is estimated by U.S. officials to be at least $200 billion.

Hundreds of computer problems have been reported since the century date change on Jan. 1, with virtually all of them quickly corrected and none of them causing serious disruptions.

But the panel, which disbanded Tuesday under its charter, said the full extent of Y2K disruptions probably would never be known ``because there is no incentive for corporations or countries to openly report problems.''

``Instead they will simply fix these problems and continue their operations,'' the 52-page report said.

-- abc (abc@ad.dc), March 01, 2000.