The Y2K Bug Is Upon Us

Industries in the private sector, namely healthcare, are behind in preparation efforts. But Ulrich is most concerned with small companies, many of which have done little or nothing to stave off potential problems. Herein lies the true caveat.

"Small-, medium- and large-size companies are all at risk, because there's a potential effect on the economy," Ulrich says. "Most people who have followed [the Y2K initiative] agree there is going to be some kind of impact on the GNP, due to slowdowns in production, distribution, transportation and import/export transactions."