AT&T Corp. has no mention of y2k in 1999 10-K report : LUSENET : TimeBomb 2000 (Y2000) : One Thread

go to

do an Edgar search on quick forms

choose 10-K (final report for 1998 - required to have year 2000 infor. in it)

search string at&t

look at form filed in march of 1999

word search for year 2000

then wait, and wait, and wait... nothing. very bad news.

-- James Chancellor, PE. (, April 06, 1999


If you carefully read the Senate report you will find in there that some publicly held corporations are refusing to file info about Y2K in SEC filings because they would rather "eat" any potential fines imposed after the fact (after lengthy litigation) than say anything that would upset their STOCK PRICE!

Face it! They settle for a "consent decree" admitting no wrongdoing, but promissing not to do it in the future - like the rollover is going to reoccur anytime soon!!

-- A. Lurker (, April 06, 1999.

Which translates as "very bad news"

If you put it simply.

In the vulgate "We're F*cked!"

The original translation is simply the Bowdlerized version.


-- Chuck, a night driver (, April 06, 1999.

Check out AT&T's 8K filing of 3/22/99. On March 9, 1999 AT&T Corp. (AT&T) completed the acquisition of Tele-Communications, Inc. (TCI) through a merger. This 8k does give a Year 2000 statement for TCI.

As of Dec 31, 1998, TCI was 69% finished with Assessment, 28% done with the Remediation Phase, 16% finished with Testing, and had 11% Implementation.

The really interesting part was the projected completion dates: For each of the above mentioned phases, the completion dates are April, June, July and September, respectively. A neat trick to finish Testing one month after Remediation is done!

Also it is stated, "The Company is completing an inventory of critical systems with embedded technologies that impact its operations and is currently determining the correct remediation approach. The embedded technologies assessments are expected to be complete by April of 1999."

-- Bonnie Camp (, April 06, 1999.

OK, the March 9, 1999 AT&T 8K filing does have quite a lot of info on AT&T's Year 2000 progress. They must have chosen to put it in the 8K filing instead of the 10K.

It looks pretty good until you get to the non-IT infrastructure section. Also, "All targets cited herein exclude information regarding TCI and other pending acquisitions, whose programs are still being evaluated and planned for integration into the overall AT&T Y2K program." The saying may be that the devil is in the details, but it looks like it may be in the mergers, too.

Four hundred fifty million dollars spent as of the end of 1998 and $190 million more projected for 1999. There are several long paragraphs about various project phases. Worth the reading if you've got the time.

-- Bonnie Camp (, April 06, 1999.

Bonnie, thanks for the info.

-- Nabi Davidson (, April 06, 1999.

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