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Special Event

Millennium 2000: Next Y2K Test Monday Morning

Aired January 2, 2000 - 11:13 a.m. ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

DARYN KAGAN, CNN ANCHOR: The world drew a collective sigh of relief this weekend over the lack of Y2K chaos, but some computer experts are still waiting to exhale, saying there are still some more tests out there. The next one will be on Monday morning when millions of workers around the world begin turning on their computers.

Across much of Asia, that big test is just hours away. And for people who stocked up on Y2K supplies, returning them could be costly. For example, Sears says it will charge a 20 percent restocking fee to anyone who bought a generator and now wants to return it.

In the U.S., the man in charge of monitoring the Y2K bug says that he's not worried about Monday's big test. Kathleen Koch is at one of the Y2K monitoring centers in Washington, and she has more -- Kathleen.

KATHLEEN KOCH, CNN CORRESPONDENT: Daryn, a few minutes ago I had a chance to speak with John Koskinen, the head of this information coordination center, and he says that reports of some minor Y2K glitches are now beginning to flow in here from around world. But, like the problems that have cropped up so far in the United States, we're told that none of them are significant, and most of them have been repaired quickly.

And testing is now underway for that next big hurdle, just as you mentioned, that is Monday, when people go back to work and switch on their computers for the first time this year.

(BEGIN VIDEO CLIP)

JOHN KOSKINEN, PRESIDENT'S COUNCIL ON Y2K CONVERSION: The banks, a number of them were open yesterday, so that they've actually had a real-time test on a modest basis, but security industries has been testing their systems, federal agencies like Social Security have been running their systems this weekend, testing them. Medicare and Medicaid systems are being tested. No one has found any major problems, so we think tomorrow is going to go well.

(END VIDEO CLIP)

KOCH: Here at the Y2K center, they are confident that countries and industries aren't holding back any information on potential Y2K problems that have developed. As for the Pentagon delaying reporting for seven hours that a critical spy-satellite system was down, Mr. Koskinen says: You don't talk about problem like that until it is solved, for fear of tipping off U.S. enemies.

Now, the next big date of concern is February 29th. This is a leap year, and apparently, some experts making Y2K fixes did not account for that. So there could be more problems then.

Reporting live at the information coordination center, I'm Kathleen Koch.

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