They re making it up as they go along. Ulrich says the media also distorts Y2K problems, presenting extremes rather than balanced coverage. In fact, based on SEC filings, the Fortune 250 on average are only 21 percent into their projects, clearly indicating that large companies are not in good shape. Ulrich says that despite the warnings, not enough people are paying attention. He cited the recent communications satellite failure as an example.
Doctors couldn t get calls.
If there s a Y2K bug in a satellite system, there s a potential for chaos in transportation, communications, energy disruptions, and other problems. It could be chaotic. But running off to the woods is not warranted. We need to work at the grass-roots level and have backup and contingency plans. People will deal with the problems that arise.