We'll have millions of transactions running later in 2000 that have never been run before.

Most corporations have spent a very large percentage of overall income on fixing this problem. Back in 1995 and 1996, most companies were resisting any year-2000 effort.... That resistance was overcome because of people raising a flag.

Many organizations have failures sitting in their systems, but they won't show up until they run the transactions.

As of January 1999, companies are spending an equal amount in IT and outside, for things like risk assessment on their business partners and contingency plans. By the end of the year, companies will spend two-and-a-half to three times more outside IT.

Except for what might be a small handful of countries, things like air-traffic control, airlines and airports are doing pretty well. I don't think we're going to end up with a long list of countries that are extremely dangerous.

Some of them (Y2K Fund companies) will do well, some won't?but none will be big losers.