No Y2K blood on streets, but public not so grateful

As businesses around the world came back to work following the weekend holiday break, the Y2K bug remained a virtual no-show …

As businesses around the world came back to work following the weekend holiday break, the Y2K bug remained a virtual no-show yesterday.

President Fidel Castro has speculated that the whole thing was a scare manipulated by capitalist manufacturers to make more money. Just for once, he was probably in tune with the views of the general public beyond the shores of Cuba.

Experts, however, continue to insist that the enormous expenditure, like home insurance fees against fires that never happen, was well spent.

Analysts are bemused by the general feeling that the estimated $300 billion to $600 billion spent to rectify the Y2K problem was wasted, after aircraft failed to tumble from the sky and the world economy didn't go into meltdown.

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"It seems to me that there's a wish that there should be blood on the streets for people to feel good about [the expenditure]," said Mr Andy Kyte, research director with an industry analyst company, the Gartner Group.

He believes the lack of significant difficulties is a sign that attempts to fix systems were largely successful, particularly in crucial areas such as air traffic control, the financial sector, public utilities and telecommunications.

Those who question why countries which spent (relatively) little on solving the problem have not suffered as a result are told that the answer is that these countries were not highly computerised in the first place. How this tallies with scare stories about technologically dodgy missile silos in Ukraine is not quite clear.

Actual problems attributed to the bug so far have remained minor and in some cases amusing, such as the $91,250 late fee slapped on an American who returned a video that appeared to be 99 years overdue.

However, Mr Kyte expects problems to continue to surface, particularly this week as companies get a chance to use their computer systems again. "We're already seeing it. It's clear that there are a number of minor issues affecting a large number of organisations," he said.

Many will go unreported, as companies fear any public perception that they are having significant problems, he said.

In general, governments and organisations issued an all-clear yesterday. "We can safely say that what has been referred to as the Y2K bug has been squashed," said Mr John Koskinen, the US government's Y2K "czar", at a news conference on Monday.

In Dublin, the National Year 2000 Emergency Committee's Y2K response unit in the Department of Finance was stood down at noon yesterday, after remaining on stand-by once staff were allowed to leave at noon on January 1st. However, the unit will remain in existence until March, said a spokesman.

Stock markets around the world reported smooth sailing yesterday, although six companies on the Turkish exchange suspended trading temporarily due to minor Y2K problems. In West Africa, Mali said its railway monitoring system was disrupted by the bug.