Make your own free website on
Recommended Resources Offshore havens, asset protection, global investing and other useful techniques.
The Year 2000 Bookshelf Books to help your evaluate the Y2K problems you face.

Gary North's Y2K Links and Forums - Mirror

Summary and Comments

(feel free to mail this page)




1997-08-12 10:45:29


35/35 Large Companies: No Y2K Budgets Yet


This is anecdotal evidence. This posting was dated August 11, 1997, and was posted on Peter de Jager's discussion forum on August 12.

Note: this statistic is taken from a highly unrepresentative sample: companies that actually sent representatives to a y2k conference, i.e., companies with some degree of awareness.

* * * * * * * *

I recently (last week) was a speaker at a Y2k training session. 48 representatives of 35 companies were present and came from 3 countries and 5 states. Included were electric companies, hospitals, banks, medical mfg's, land fill mgmt cos., a big stock brokerage -- a good cross section of large companies. Of them all only 7 firms had a Y2k project team; only 3 firms said the board was involved; and NOT ONE had a budget.

One of the key reasons they were their was to get lists of what works and who is compliant and who isn't. A private, off-the-record set of lists got created by the attendees themselves. Why off-the-record? That should be pretty obvious.

By the way -- if I remember my statistics -- the above numbers are not enough to be stastically valid. But what they imply keeps me awake at night.

Return to Category: Too_Late

Return to Main Categories

Return to Home Page