Recent SEC filings made by AMZN management admit, "Year 2000 processing problem could have a material adverse operational or financial consequence to the Company."
The damning document goes on to declare that Amazon has no more than half the Y2K job completed at this late date! From page 23 of the SEC 10Q report: "Many aspects of this phased approach are not yet complete. In particular, our testing phase is only 50% complete and failure to complete testing of mission-critical systems could harm our business." AMZN's "phased" approach might be what others call "willy-nilly," "catch-as-catch-can," "slap-dash," or most indelicately - "half-assed." Perhaps in the breakneck speed with which the warehouse expansion took place, critically important Y2K testing got short shrift from distracted management. The obiviously embarrassing document continues: "We cannot guarantee that we will be successful in our efforts to make our critical systems year 2000 compliant or that the year 2000 problem will not adversely affect our business." But it gets worse! Perhaps in a reference to those "ragtag" zShops proprietors putting the Amazon empire on the fritz, AMZN makes this startling admission: "We are limited in our efforts to address the year 2000 problem as it relates to third parties..." In their "all bets are off" conclusion, AMZN concedes, that their "plan," such as it is, is insufficient to guarantee that it "will prevent circumstances that may cause a material adverse effect on our operating results or financial condition." (Emphasis added.)
And where is Jeff Bezos and Joe Galli during all this. With the cowboy hat and power drills in New York? Chumming with Willow Bay on CNN?
Prudent Amazon customers are forewarned and I believe that reason dictates that all transactions with Amazon should be avoided until after Y2K and then only when AMZN has demonstrated the 100% stability of its system.