Make your own free website on Tripod.com
Recommended Resources
Cyberhaven.com 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)


Category: 

Banking

Date: 

1997-11-11 10:35:03

Subject: 

Novell's CEO Warns About the Euro: It's Making Y2K Worse

  Link:

http://www.iht.com/IHT/TODAY/MON/FIN/novell.html

Comment: 

The y2k problem is really bad, says Novell's CEO. It is being made worse by the conversion of European banks to the new Euro currency exchange system.

* * * * * * *

Eric Schmidt is chief executive officer of Novell Corp., the world's fifth- largest software maker, which specializes in developing software that manages computer networks. On a recent trip to Europe, he spoke with Paul Floren of the International Herald Tribune. . . .

Q. How do you perceive the ''year 2000'' problem?

A. Personally, I am surprised at how bad the problem is. I was not aware, and I think most people were not aware, at how extensive these 30- to 35-year-old solutions were in the industry as a whole. A number of customers that I have spoken to have enormous business problems updating programs for which the programmers are literally dead.

I have reluctantly concluded that all the press about the ''year 2000'' problem is in fact correct. The danger, of course, is that the year 2000 problem coupled with the Euro, which occurs one year earlier -- and by the way, you could not have scheduled it at a worse time from an IT perspective -- will likely drain a lot of funds from a lot of other things.

Link: 

http://www.iht.com/IHT/TODAY/MON/FIN/novell.html

Return to Category: Banking

Return to Main Categories

Return to Home Page