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India urged to act on Y2K bugs
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NEWS
Channel Tunnel to close 31st December 1999
Bank of England prepares Y2K cash injection he Bank of England is preparing to flood financial markets with extra cash over the millennium weekend in an effort to maintain liquidity and prevent credit drying up as the Y2K bug hits. The bank said it expects disruption in the days leading up to 1 January as markets, worried about Y2K's impact, refuse to lend to otherwise credit-worthy institutions. The bank said it is part of its role to "ensure liquidity shortages do not lead to market disruption".
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ew Year's Eve will see the closing of the Channel Tunnel amidst millennium bug concerns. No passengers or freight will be allowed to go down the tunnel from 8.00 pm on 31 December to 4.00 am the following morning. At the moment only test trains will be used with safety crews standing by. Eurotunnel claims the problem is because of the interface between its systems and those of the National Grid and the equivalent in France.
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For .further information, contact Mike KerfordByrnes. Millennia lll, on Tel: +44 1932 339100; E-mail: [email protected].
For .further inJbrmation, contact Mike KerlbrdByrnes, Millennia lI1, on Tel." +44 1932 339100," E-mail." mkb @millennia3, com.
India urged to act on Y2K bugs industan Lever, which is part of the Unilever group, has declared that India's public utilities are not ready for the Year 2000. The company said that it was vital that power, water and telecommunications were r e a d y for the m i l l e n n i u m , and u n l e s s the problems are addressed in time, severe disruption could follow. A spokesperson from Hindustan Lever said that a l t h o u g h the c o m p a n y i t s e l f is Y 2 K compliant, even the best contingency plans would have
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little effect if the main utilities failed. Analysts say that India's state-owned telecoms companies could experience difficulties because of unforeseen problems of chips in some old Soviet-era telephone exchanges. Although some of India's government-owned State Electricity Boards are dealing with the Y2K issue, others are not, which could have serious effects as all Indian states are linked by an interlocking grid system.
Make Y2K investment deliver returns beyond the millennium ver 80% of UK organizations will waste the investment they make in Y2K solutions, estimates testing specialist Imago. The average expenditure on Y2K testing is up to 66% of overall project costs and most c o m p a n i e s will not be able to r e c o u p this expenditure once the millennium has passed. Imago is urging the IT industry to ensure that Y2K testing projects lay valuable groundwork for future testing requirements, rather than be a one-off drain on resources.
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A spokesperson from Imago said, "The problem with many organizations' approach to Y2K is the
Computer Fraud & Security September 1999 3723/99/$20.00 © 1999 Elsevier Science Ltd. All rights reserved
short-termism that plagues the IT industry. Even at this stage, companies will benefit from structured testing, but most organizations view Y2K as a one-time fix and if they successfully manoeuvre through this crisis they have learned nothing that will help them avoid the next one. No IT manager would make an investment in hardware and expect to ditch it for the next project they undertake. Testing procedures should be the same." For further information, contact Ed Stacey, Imago, Tel: +44 171 242 5100; Fax." + 44 171 421 8100; E-mail." enqui~@ imagoqa.com; Web site." www.imagoqa.com.
NEWS
Channel Tunnel to close 31st December 1999
Bank of England prepares Y2K cash injection he Bank of England is preparing to flood financial markets with extra cash over the millennium weekend in an effort to maintain liquidity and prevent credit drying up as the Y2K bug hits. The bank said it expects disruption in the days leading up to 1 January as markets, worried about Y2K's impact, refuse to lend to otherwise credit-worthy institutions. The bank said it is part of its role to "ensure liquidity shortages do not lead to market disruption".
N
ew Year's Eve will see the closing of the Channel Tunnel amidst millennium bug concerns. No passengers or freight will be allowed to go down the tunnel from 8.00 pm on 31 December to 4.00 am the following morning. At the moment only test trains will be used with safety crews standing by. Eurotunnel claims the problem is because of the interface between its systems and those of the National Grid and the equivalent in France.
T
For .further information, contact Mike KerfordByrnes. Millennia lll, on Tel: +44 1932 339100; E-mail: [email protected].
For .further inJbrmation, contact Mike KerlbrdByrnes, Millennia lI1, on Tel." +44 1932 339100," E-mail." mkb @millennia3, com.
India urged to act on Y2K bugs industan Lever, which is part of the Unilever group, has declared that India's public utilities are not ready for the Year 2000. The company said that it was vital that power, water and telecommunications were r e a d y for the m i l l e n n i u m , and u n l e s s the problems are addressed in time, severe disruption could follow. A spokesperson from Hindustan Lever said that a l t h o u g h the c o m p a n y i t s e l f is Y 2 K compliant, even the best contingency plans would have
H
little effect if the main utilities failed. Analysts say that India's state-owned telecoms companies could experience difficulties because of unforeseen problems of chips in some old Soviet-era telephone exchanges. Although some of India's government-owned State Electricity Boards are dealing with the Y2K issue, others are not, which could have serious effects as all Indian states are linked by an interlocking grid system.
Make Y2K investment deliver returns beyond the millennium ver 80% of UK organizations will waste the investment they make in Y2K solutions, estimates testing specialist Imago. The average expenditure on Y2K testing is up to 66% of overall project costs and most c o m p a n i e s will not be able to r e c o u p this expenditure once the millennium has passed. Imago is urging the IT industry to ensure that Y2K testing projects lay valuable groundwork for future testing requirements, rather than be a one-off drain on resources.
O
A spokesperson from Imago said, "The problem with many organizations' approach to Y2K is the
Computer Fraud & Security September 1999 3723/99/$20.00 © 1999 Elsevier Science Ltd. All rights reserved
short-termism that plagues the IT industry. Even at this stage, companies will benefit from structured testing, but most organizations view Y2K as a one-time fix and if they successfully manoeuvre through this crisis they have learned nothing that will help them avoid the next one. No IT manager would make an investment in hardware and expect to ditch it for the next project they undertake. Testing procedures should be the same." For further information, contact Ed Stacey, Imago, Tel: +44 171 242 5100; Fax." + 44 171 421 8100; E-mail." enqui~@ imagoqa.com; Web site." www.imagoqa.com.