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Oracle develops Y2K fix
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August 4, 1998: 2:13 p.m. ET
Software maker designs solutions for mid-size, corporate customers
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NEW YORK (CNNfn) - Oracle Corp. said Tuesday it is releasing two different software solutions to aid businesses still struggling with the Year 2000 bug.
The bug, an especially common problem in mainframe computers and related software, will trip up the systems once the new century begins, less than 18 months from now, unless software fixes are applied beforehand.
Oracle's (ORCL) new products, which go on sale Sept. 15, are aimed at the corporate market and at Fortune 1000 companies that already have started working on the issue.
FastForward Financials Y2K, the mid-sized business solution, includes Year 2000-compliant software, education, consulting and technical support. The package also includes five days of on-site training and seminars as well as a year of free phone support.
The Oracle Compliance evaluation program is for Fortune 1000 companies that already have started working on the problem but are behind schedule. That program also offers two days of training as well as accounting and human resource software packages.
Oracle President Ray Lane said research has shown many mid-size companies have yet to address the Y2K issue and more than half of the Fortune 1000 companies are behind schedule.
"Our Y2K initiative is designed to help guide those companies toward Y2K compliant financial application solutions, using proven products and our experienced consultants," Lane said. 
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Oracle
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