... Separate, any one of these
points makes Y2K, a common abbreviation for the year 2000 problem, an
addition to the obstacle. ...
The impact of Y2K on society is enormous, bringing the largest
companies in the world to their knees, pleading for a fix at nearly
any cost. ... Chief Economist Edward
Yardeni has said that the chances for a worldwide recession to occur
because of Y2K are at 40% (Widder 3). ...
The costs of fixing Y2K are staggering. ...
The most straightforward approach to solving Y2K is to simply
change the 2-digit date fields to 4-digit ones. ...
Replacing the systems is probably the most straightforward
method of solving Y2K. ... Another idea that
incorporates the replacement idea is for one company to merge with or
buy another company that has Y2K compliant systems. ...
Also, the management must be informed of the impact that is likely to
occur if Y2K is not solved.
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