While the survey revealed that 45 per cent of the respondents are still in the assessment phase, there has been no negative reaction in the marketplace or in the public press to the information.
One probable reason for this reaction is that the survey and public disclosure conveys a message that companies have recognized the risks and have implemented programs and resources necessary to address the Year 2000 problem; information is reassuring. The Joint Year 2000 Council The Joint Year 2000 Council is providing a complement to these private sector efforts.