Year 2000 Problem May Swamp Unprepared Computers -- and Companies
University of California, Berkeley Haas School of BusinessThe Year 2000 Problem (or Y2K), as it has been dubbed, is conservatively estimated to cost business and government $600 billion. Failure to solve it will put an estimated one to five percent of organizations out of business. And yet only 35 percent of businesses have begun to address the implications for their organizations.