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. Last Updated: 07/27/2016

Ignoring the Bug

NEW YORK (NYT) -- A new study shows that a large proportion of businesses and government agencies around the world are not properly preparing for the effect that the year 2000 will have on their computer systems, increasing the possibility of potentially serious disruptions as the end of the century approaches.

The study by the Gartner Group, an adviser on information technology, found that 30 percent of companies worldwide had not started addressing the year 2000 problem, or the millennium bug, as it is often called.

Of these, 88 percent were smaller companies with fewer than 2,000 employees.

"We are going to see a very large number of small companies in very serious trouble," said Matthew Hotle, an analyst at Gartner. "They are not going to finish in time."