July 26, 1999
Small Businesses Address Y2K
Some one million small businesses corrected their Y2K computer problems in the past six months, nearly doubling the number of companies that addressed the problem since last fall.
A spring 1999 survey by Wells Fargo and National Federation of Independent Businesses found 60% of small businesses surveyed had taken corrective actions to fix the infamous computer bug, compared to 35% in fall 1998. The Year 2000 bug is expected to cause technical problems in date-sensitive machines, many of which weren't programmed to recognize the change in date prefixes from "19" to "20."
More than half of the respondents also reported they checked with suppliers to make sure their computer systems were Y2K compliant.
- by Stacey King