In the US (at least) no company in their right mind would admit to problems. Imagine the liability implications. Insurance companies won't cover most Y2K related failures or liability claims.

gomer

-- gomer (gomer@home.com), January 05, 2000

Answers

And to add to that,

Imagine also what investors would do if they found out that the companies they invested in had serious Y2K problems.

Might still get REAL ugly, at the very least in the Markets.

Still holdin' onto my preps,

Don

-- Shimoda (enlighten@me.com), January 05, 2000.

Fear of liability was also the reason many companies hesitated to say they were compliant.

My team had to ensure our systems had the latest patches (for the operating systems and products such as compilers). We requested a list from our vendors of product levels they would certify as Y2K compliant so we would know what patches and upgrades to apply/install. We had a terrible time getting this information.

One of our vendor's technicians that I knew very well told me that many of the products had been forward tested, but the lawyers were reluctant to have any official statement made. We finally did get some statements (one as late as Oct. 99), but many were reather wishy- washy.

Fear of litigation played a role in the confusion as to how ready companies were for Y2K. I'm sure that post-rollover problems will not be made public unless it's impossible to hide them.

-- Chris Josephson (chrisj62954@aol.com), January 05, 2000.

Good point and might I add that "Fear of aggression" is the reason we cannot expect countries to be telling the truth on their handy dandy Y2K forms.

-- meg davis (meg9999@aol.com), January 05, 2000.