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SMALL BUSINESSES -- FAR FROM Y2K-OK

July 28, 1998


SMALL BUSINESSES -- FAR FROM Y2K-OK

Percentage of small companies that:

Say they are very or somewhat dependent on computers
73%

Interact electronically with their primary financial institution
35%

Interact electronically with their customers
49%

Say they are very or somewhat aware of the Year 2000 problem
81%

Say the Year 2000 bug is "not serious enough to worry about" or that have neither taken, nor plan to take, any action on it
46%

Have verified that suppliers and financial institutions are taking steps to prepare for the Year 2000
32%

Have verified that customers are preparing for the Year 2000 bug
13%

SOURCE: NATIONAL FEDERATION OF INDEPENDENT BUSINESS
EDITED BY DENNIS BERMAN


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