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Monday a major Y2K test as U.S. returns to work
January 3, 2000 From staff and wire reports (CNN) -- With Y2K computer fears receding around the globe Monday, U.S. businesses prepared to reopen after the holidays with fingers crossed. President Clinton's top Y2K adviser, John Koskinen, called Monday "an important and significant day" for ensuring some of the most important business computers will work. "We expect there will continue to be small glitches," he said Sunday. Four of Wall Street's biggest brokerages -- Merrill Lynch, Citigroup, Prudential and Morgan Stanley Dean Witter -- said Sunday they had detected no internal problems related to Y2K and all four planned to conduct business as usual Monday.
Asia made a bullish entrance into the first day of 2000 stock trading, with the Hong Kong and Singapore stock markets setting records after opening on Monday and none reporting a hint of the feared Y2K bug. In Europe, the Frankfurt, Germany, exchange climbed 20 points Monday while the bourse in Paris was up 60 points. There were no reports of Y2K-related computer problems. The Chicago Mercantile Exchange -- one of the first major Western markets to open in 2000 -- also showed no Y2K-related problems in early futures trading Sunday. "We haven't heard anything about problems at financial markets, either in the United States or overseas," said Margaret Draper, spokeswoman for the Securities Industry Association. Banks and stock exchanges in Egypt and Kuwait, where Sunday was the first work day of 2000, declared their systems bug- free. New Zealand, among the first countries worldwide to roll into Monday morning, had no major problems by early afternoon, according to the U.S. State Department. But Y2K fears prompted Jamaica to close its banks Monday as a precaution despite the absence of Y2K-related glitches there during the weekend. The government has requested that banks use the day to check all computers before opening Tuesday, according to a Finance Ministry statement. Small businesses seen as wild cardThe biggest uncertainty in the United States focused on hundreds of thousands of small businesses that planned to reopen Monday without taking precautions to vaccinate their computers against the Y2K bug. Top experts, admittedly surprised at computers' seamless transition to 2000, cautioned that electronics users aren't out of the woods yet. "Some of the procrastinators haven't been heard from," Koskinen said. "I think it will be another few days before we can see definitively." Small glitches worldwideOnly a smattering of glitches blamed on Y2K came to light over the weekend:
Warnings of computer virusesComputer Associates International, a software analysis company, warned Sunday that hackers would be playing on computer users' Y2K fears by introducing viruses and additional destructive computer programs onto the Internet. It said in a statement that a new Portuguese "Happy New Year" program called "Feliz.Trojan" is disguised as a benign application and could cause damage if opened. Computer Associates also warned of a new Microsoft Word macro virus called "Armagidon," which infects Word documents by spreading through e-mails, shared drives and floppy disks. 'The fizzle was good'U.S. officials Sunday responded to criticism that too much money -- an estimated $100 billion in the United States alone -- and attention was paid to the Y2K problem. "If they didn't fix the systems, they would not be functioning," Koskinen said Sunday. "Somebody said we did it too well, we made it look too easy. Maybe that's right. Maybe we should have had a control group over here failing." On CBS's "Face the Nation" on Sunday, Energy Secretary Bill Richardson declared, "This was worth it." "In this case, the fizzle was good," Richardson said. "The fact the fire department didn't have to put out any fires this weekend doesn't mean we shouldn't have a fire department." U.S. spy satellites temporarily blindedKoskinen told CNN on Sunday that the Pentagon failed to notify him about a major Y2K computer problem that blinded several orbiting U.S. spy satellites Friday until 15 hours after the problem was discovered. The Pentagon problem, which was repaired in a few hours, was one of the largest Y2K-related problems the United States has faced, Koskinen said. Koskinen defended the Pentagon's decision to keep the satellite glitch quiet. "As you can imagine, when you have a problem like that you don't talk about it until you get it fixed," he said. "We don't want to give our enemies anymore information than they need," Koskinen said. A glitch also affected a program in a French defense satellite. The satellite, called the Syracuse II, links Paris with French peacekeeping forces in Kosovo. The French Defense Ministry said the glitch had no effect on troops in the field. Monitoring centers scaling backWith so few reports of trouble, Y2K centers worldwide scaled back staffs. Officials at the U.S. government's $50 million command center considered ending 24-hour operations as early as Tuesday; they had planned to work round-the-clock through Friday. Canada has canceled all its Y2K briefings for the coming days. Britain's Government Millennium Center was expected to have a staff of 15 by Monday, down from 40 people on Friday night. Singapore Airlines closed its Y2K command center Sunday, and the International Civil Aviation Organization -- the U.N. agency responsible for air safety -- sent some workers home, as did the Hong Kong Stock Exchange. The U.S. Federal Reserve Bank of New York has reduced its Y2K monitoring staff as well, according to a spokesman. Correspondents Peter Viles and Chris Burns and The Associated Press contributed to this report. RELATED STORIES: Two Asian markets set record hights with no hint of Y2K bug RELATED SITES: International Y2K Cooperation Center
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