Quotes by Lou Marcoccio

“Systems only fail when transactions are run.”

“I dont believe in the gloom and doom were hearing that planes will fall out of the sky. But theres going to be a significant impact.”

“Some of them (Y2K Fund companies) will do well, some wont?but none will be big losers.”

“Except for what might be a small handful of countries, things like air-traffic control, airlines and airports are doing pretty well. I dont think were going to end up with a long list of countries that are extremely dangerous.”

“As of January 1999, companies are spending an equal amount in IT and outside, for things like risk assessment on their business partners and contingency plans. By the end of the year, companies will spend two-and-a-half to three times more outside IT.”

“Many organizations have failures sitting in their systems, but they wont show up until they run the transactions.”

“In July, well have 80 times more six-month date-forward processing than in any period before 2000.”

“Well have millions of transactions running later in 2000 that have never been run before.”

“Most corporations have spent a very large percentage of overall income on fixing this problem. Back in 1995 and 1996, most companies were resisting any year-2000 effort.... That resistance was overcome because of people raising a flag.”