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Summary and Comments

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Category: 

Domino_Effect

Date: 

1997-11-18 12:45:08

Subject: 

If 5% to 20% of Businesses Go Bankrupt. . . .

  Link:

http://guide-p.infoseek.com/Content?arn=ix.BLM289245&col=IX

Comment: 

The problem is suppliers. If they go under, what happens to those dependent on them?

In normal times, a bankrupt firm would be bought by a survivor. But if the cause of the dead firm's demise was bad computer code, no solvent firm is going to buy it. That is why this recession/depression threatens to become a monster.

* * * * * * *

"We have created our current systems to treat current dates as two-digits," Robert Rariden, associate professor of applied computer technology at Illinois State University, said Friday during a Business Issues and Answers program for the McLean County Chamber of Commerce at Jumer's Chateau in Bloomington. . . .

The Gartner Group estimates it will cost $650 billion to fix hardware and software, Rariden said. "Five percent to 20 percent of businesses faced with fixing their systems will chose not to fix it and close.

"If 5 percent to 20 percent of your suppliers are gone, we've got major problems."

Link: 

http://guide-p.infoseek.com/Content?arn=ix.BLM289245&col=IX

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