News Quotes About Y2K
"Behind the bank mergers is a monster question...Can the merging banks knit together their computer systems and take care of their Year 2000 computer bug problems? The banks say not to worry. But consultants and others who help banks with technology are wary. "If you put two organizations that big together this late in the Year 2000 crunch, there are going to be problems." If they can't get these computing tasks done in time, "It could be fatal" says consultant Jim Woodward.
USA Today, 4-14-98
"Microsoft says two dozen of its products have Year 2000 software glitches, including Windows 95 and Windows NT. Most problems are minor and would not affect the software's main function. It says three older programs - Word 5.0 for DOS, Access 2.0 and Office Professional Edition versions 4.0-4.3 - have more serious flaws." USA Today, 4-17-98
"IRS Commissioner Charles Rossotti said the year 2000 glitch is his top priority. He said that if the IRS doesn't prepare its antiquated computer system for the digital crisis in time, 90 million taxpayers won't get refunds. "It's a very risky situation," he said. Preparing its computers for the next century will cost the IRS nearly $1 billion. Rossotti has set a Jan. 31, 1999 deadline for fixing the year 2000 problem. "There's no plan B," he said. "The whole financial system of the United States will come to a halt. It's very serious. It not only could happen, it will happen if we don't fix it right." USA Today, 4-2-98
"Last week U.S. officials admitted that they've fixed only 35% of the most vital mainframes and won't have time before Dec. 31, 1999 to prevent all the 5,100 remaining machines from deciding it's 1900, not 2000. "Financial transactions could be delayed, airline flights grounded and national defense affected," warns the GAO's Gene Dodaro."
Time magazine, March 30, 1998
"Crashing computers could foul up air traffic, communications, business deliveries, credit card sales, financial accounts, benefit payments, tax refunds, electricity and even some medical treatments. Deutsche Morgan Grenfell Bank's chief economist fears the bug could cause a worldwide recession. In an increasingly interconnected world, an unfixed system at one company can recontaminate repaired systems at others. Private surveys show health care, retail stores, local governments and education are woefully behind. If the government doesn't know who isn't ready, it can't protect those who are. And 00 hour is almost here, ready or not."
USA Today, 4-6-98
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"A class action lawsuit was filed on behalf of people who bought Quicken software. The suit states that Intuit failed to notify their customers that the online banking functions in Quicken vs. 5 & 6 cannot handle transactions after Dec. 31, 1999."
Infoworld
"As government systems falter and social security and unemployment pay recipients find themselves without money, the danger of riots and civil unrest looms. 'It may sound like a cliche but too little, too late is so true in this issue. It is getting desperately late,' said Robin Guenier, director of Taskforce 2000."Reuters News Agency
"The DROP DEAD fix date is 1/1/1999 and NOT 1/1/2000."Warren Reid, director of WSR Consulting Group
"The stories of the Millennium Bug...have had little impact: most people refuse to believe that a dorky little software error can wreak significant worldwide havoc, affecting everything from factory supply lines to the power grid. Twenty six percent of 229 Year 2000 Group computer experts anticipate 'political crises within the U.S. and regional social disruptions.' Scary. A tenth of these experts selected 'depression, market collapse and local martial law.'GAO's Joel Willemssen said, 'we view the problem as a high-risk situation. We are acknowledging that there will be failures.' Bruce Webster's, head of the Year 2000 Group, own assessment of what will happen when the clock strikes midnight, 'political crises; regional supply/infrastructure problems and social disruptions.' It sounds outlandish, but consider the source: when it comes to the Year 2000 Bug, he knows more than you do."Newsweek, May 4, 1998
"Make a phone call on Jan.1, 2000 and there's a good chance that the call won't go through. There's a 50% to 60% chance each major carrier will suffer at least one failure of a mission critical system. And that's despite the industry spending more than two years and billions of dollars to rid their systems of Year 2000 bugs.
Fire and police department dispatch systems are vulnerable, too, the FCC says. FCC Commissioner Michael Powell says 'the vast majority of police and fire equipment is not Year 2000 compliant.'
The telecommunication industry trails banks and insurers in fixing Year 2000 bugs. Failures could range from billing problems to a complete lack of phone service."
USA Today, 5-19-98
"The nation's power utilities told a Senate panel that they can't guarantee the lights won't go out on Jan. 1, 2000. Many electrical plants use date-sensitive software to run built-in clocks to monitor and control the flow of power. A Senate staff survey of 10 of the USA's largest utilities found none have complete contingency plans in case its computers fail because of the Year 2000 problem.USA Today, 6-15-98
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