X

Good comes with the bad as Y2K looms

A new report says server sales unexpectedly declined in the third quarter as companies delayed purchases because of Y2K bug fears.

CNET News staff
See full bio
CNET News staff
 
  roundup 

A new report says server sales unexpectedly declined in the third quarter as companies delayed purchases because of Y2K bug fears. Separately, the federal government issues reassurances while experts weigh in on the nation's Y2K readiness.

"We would like people to be prepared for a long midwinter weekend, but we think that's all that's necessary."

- John Koskinen, chairman, President's Council on Year 2000 Conversion

 
Y2K fears weigh down server sales
Server sales drop unexpectedly during the third quarter, in part due to fears and preparation for the Y2K bug, with IBM feeling the most pain.

Experts confident Y2K will arrive smoothly
A number of government officials and industry experts join the growing chorus of dignitaries who say the transition to the new year will be a smooth one.

U.S. on alert as Y2K approaches
U.S. officials play down fears of major computer disruptions and "terrorist" attacks on New Year's weekend but say Americans must not let down their guard.

Fed doubles year-end reserves for Y2K liquidity
Prompted by a Y2K-inspired surge in demand for liquid assets, the Federal Reserve System adds more than twice the reserves to the banking system for this year-end than it did last year.

Previous coverage
Government reads last-minute Y2K checklist
Days before the New Year, the government gives a last-minute status report on the year 2000 readiness of some of the most critical Federal agencies.