Fortune 1000 SEC filings Show Many Laggards in Danger : LUSENET : TimeBomb 2000 (Y2000) : One Thread


Doesn't look good. The bell curve is awfully pretty, though. Pollys?

-- regular (zzz@z.z), May 07, 1999


Relevant snip...


"Were fairly confident that the 231 companies over 60% will achieve Year 2000 compliance," said Marta Pierpoint, vice president of Triasxys, "but 241 companies have made only 41% to 60% progress, and 175 companies are at or below 40% -- these need to be watched carefully as they have a great deal of work to do in a short time."

The Triaxsys study also found that:

* The average Fortune 1000 company has made 56% progress toward completion, compared to 43% at the end of the third quarter of 1998 and 27 % at the end of the first quarter of 1998;

* Average growth of estimated total project budgets was 11% since the end of the third quarter of 1998, compared to 15% between the first and third quarters of 1998; and

*Due to budget growth, total estimated spending by the Fortune 1000 on Year 2000 is now projected to be least $53 billion.

The highest average progress toward completion is 67% in the financial services industry and the lowest is 43% in the telecommunications sector. But wide variations in progress by individual companies are found in all industries and among all sizes of companies:


-- Kevin (, May 07, 1999.

27% to 56% progress in 1 full yr. and 7 mth to go. Gee I guess there really will be a bump after all. Sounds like a speed bump at 90.

-- R. Wright (, May 07, 1999.


If you are in a loaded 18 wheeler on a straight, wide road, you wouldn't notice it.

If you are in a go-cart, on a high bank in 4 across traffic, things could get interesting.

I plan on driveing a Humvee in the Baha 500. As it's my first race, I just want to finish.

-- CT (ct@no.yr), May 07, 1999.


I think there is about 4 billion go carts and maybee 5000 18 wheelers.

-- R. Wright (, May 07, 1999.

Ummm... something about counting chickens before they're hatched comes to mind. This report is a devastating blow to smiley faces across the globe. Ouch. Prepare for the worse folks. This is as bad as I thought it would be. Remember they only gleaned these stats from the SEC reports. 353 corps failed to provide REQUIRED information to the SEC. Ummmmmmmmm .... UnionCarbid @ 20%, ConAgra @26%?? Do you know what they do???

This is an ass kicking report. Read it. Read it and weep for our nation and for those in the world who depend upon these people.

Remember, DuPont could only get 43% of their vendors to DISCLOSE their Y2K projectstatus. By their estimates they will see 68% of their vendors not make it. Ummmm ... This is Charlette's Web folks.

-- David (C.D@I.N), May 07, 1999.

Caaallllliiiinnnng MR. POOLE CET

-- Will (, May 08, 1999.

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