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Jan 31, 1999

Millenium nightmare

Dreaming of improved Y2K disclosure

There's global agreement that the Year 2000 problem, known as Y2K, exists. Many computer systems are not programmed to deal with the start of a new century, and may suffer from processing inaccuracies or system failure. Some members of the financial community predict a global recession, if not a global meltdown, as information infrastructure fails. No-one is quite sure what will happen; hence the growing call for public companies to improve disclosure of their Y2K-related preparations. The

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