IDG’S Computerworld Reveals Latest Y2K Confidence Survey Findings; Internal Systems a Go, Customer Readiness in Question

FRAMINGHAM, Mass.– June 28, 1999–As the millennium nears, IT executives are more confident than ever that their own companies' systems will be ready for the Year 2000, according to Computerworld's Quarterly Y2K Confidence Survey of over 300 high-tech professionals. However, concern over supply chain readiness remains a key worry, and most corporations are taking precautionary steps to prevent failures. The survey is the fourth in a quarterly series of studies assessing Y2K confidence among information technology professionals.

"Fear of the unknown is prompting corporations to implement contingency plans, although they are increasingly confident in their own systems," said Rick Saia, Computerworld features editor, Year 2000. "The primary concern among IT Leaders is that data between organizations will be lost, resulting in the unavailability of key products and services."

Below are key findings from the survey:

CONFIDENCE IN INTERNAL SYSTEMS

Companies have made great strides in the second quarter toward full compliance. About 24 percent of respondents said their information systems are ready to handle the date change, up from 14.5 percent in the spring. On the other hand, nine percent of the firms reported that less than 70% of their systems are compliant.

CONFIDENCE IN PARTNERS' SYSTEMS

Over 80 percent of IT professionals have developed, or plan to develop, contingency plans in the event of Year 2000 glitches. Lack of faith in suppliers' Y2K compliance is motivating IT Leaders to implement contingency plans. Some are even going so far as visiting suppliers for proof of compliance and looking to alternate vendors.

ECONOMIC IMPACT

When asked what impact the Year 2000 problem will have on the U.S. economy, 61 percent of small companies (100 to 499 employees) anticipate insignificant economic impact, with 69 percent of large corporations (more than 500 employees) believing the same. Twenty-one percent of both small and large firms believe the economy will experience a slight impact due to the millennium, up from approximately 15 percent in the March survey.

For further information on Computerworld's Quarterly Y2K Confidence Survey, please contact Mariko Zapf at (781) 239-0057 or mzapf@marenghi.com.

Computerworld, the leading weekly newspaper for IT Leaders, provides timely news and analysis on all aspects of the computer industry. Recognized three times by Folio:Magazine (1996, 1997 and 1998) and the Computer Press Association (1988, 1993 and 1994) as the best computer newspaper, the publication has a total circulation of 250,000 subscribers (per publisher's own data) and an average issue audience of 984,400 IT business influencers (IntelliQuest CIMS v. 5.0, September 1998). Computerworld extends its reach into the IT Leader community with Computerworld Online, located at www.computerworld.com; IT Leader Books; and IT Leader Conferences. Computerworld, Inc. is headquartered at 500 Old Connecticut Path, Framingham, MA 01701, with significant Silicon Valley presence at 177 Bovet Road in San Mateo, CA 94402.

Headquartered in Boston, International Data Group ( IDG ) informs more people worldwide about information technology than any other company in the world. With annual revenues of $2.35 billion, IDG is the leading global provider of IT media, research, conferences and expositions. IDG publishes more than 290 computer newspapers and magazines, and 700 book titles in 75 countries, led by the Computerworld, InfoWorld, Macworld, Network World, PC World, Channel World and "…For Dummies" global product lines. IDG offers online users the largest network of technology-specific sites around the world through IDG .net (www. idg .net), which comprises more than 225 targeted Web sites in 52 countries. IDG is also a leading producer of 168 computer-related expositions in 35 countries, and research arm International Data Corporation (IDC) provides computer industry research and analysis through 49 offices in 41 countries worldwide. Company information is available at www. idg .com.