RISKS-LIST: Risks-Forum Digest Friday 1 March 1996 Volume 17 : Issue 82 FORUM ON RISKS TO THE PUBLIC IN COMPUTERS AND RELATED SYSTEMS (comp.risks) ACM Committee on Computers and Public Policy, Peter G. Neumann, moderator ------------------------------ Date: Fri, 1 Mar 1996 08:24:37 -0500 From: Monty Solomon Subject: Time Bomb Still Ticking For Year 2000 (Edupage, 15 Feb 1996) The Gartner Group predicts that half of all companies affected by the year 2000 date field problem will still be unprepared when the fateful day arrives. "A lot of companies are like deer frozen in the headlights of a big truck coming right at them," says a Gartner analyst. Some industry experts estimate the cost of fixing the problem at $40 million per large corporation, with the global price tag pegged at $400 billion to $600 billion. Many corporations are wondering if their old systems are worth all the trouble: "Do we just fix the millennium bug, or should we take this as an opportunity to put in some new systems?" asks one CIO. (Information Week 5 Feb 1996, p30)