We live in a society in which countless every day functions rely upon accurate computer calculations. Private sector estimates of the remediation cost are staggering. Your Business is at Stake Beyond the global and national implications, there are very real implications to every business. The basic operations of business are no less threatened by Y2K, than by an approaching natural disaster such as a hurricane or a tsunami. If, in spite of the dire warnings, you haven't begun to think of Y2K as being a problem for your business, you are not alone.
Surveys indicate that denial and complacency are the norm for business executives.
On September 10th of next year, however, these dates will have expired. The first legal salvos have already been fired. In Michigan, a grocery store owner filed suit against its computerized cash register vendor and manufacturer asserting a number of claims, including breach of contract, breach of warranty, and misrepresentation. The owner alleges that newly installed cash registers crashed over 100 times because the cash registers were unable to process credit cards with expiration dates beyond 1999. The plaintiffs allege that the accounting software sold by defendant prior to 1997 was not Y2K compliant and that a subsequent upgrade version of the software released by defendant in 1997 was for the sole purpose of being Y2K compliant.