Nothing to fear but fear itself
Article Abstract:
The year 2000 computer transition problem is unlikely to have a serious impact on developed economies, though measures taken to deal with the problem could make it worse. The cost of preparing for the millennium has been higher than expected, and some of the investment has been unproductive, simply serving to reassure customers. Some investment has been carried out earlier in order to prepare for the millennium. Stockpiling due to fears about suppliers could lead to an inventory bubble. Banks are concerned that some debts may not be repaid due to software problems, and cash may be stockpiled by consumers and companies. Stock price falls are more likely than a recession.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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Small cause
Article Abstract:
The Year 2000 computer transition problem affects both computer software and software in chips used for a range of gadgets and systems. A number of companies have already faced this problem, and more will follow after 1999 begins. Some of the effects of the problem will not be serious, but others could be dangerous, if, for example, they involve hospital equipment or railroad signals. Software has lasted longer than expected, and companies do not always know which applications are in use.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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Oh what a lovely millenium bug
Article Abstract:
The Gartner Group predicts that businesses will spend $600 billion to correct the 'millenium bug.' This figure may be a great exaggeration of the actual costs that will be incurred. Businesses already devote a large part of their computer budgets to maintenance and support.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1996
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