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Many COBOL programs are still in use in major commercial enterprises, notably financial institutions. The use of serial decimal arithmetic in its design happened to make programs designed without provision for the advent of the 2000's particularly vulnerable to failure with the Millennium Bug (it should be pointed out that cobol's serial decimal arithmetic avoided many other problems that can occur with the naive use of [floating-point arithmetic]? for financial calculations). Hence, many elderly COBOL programmers enjoyed several years of highly-paid work, often to fix the problems in systems they designed decades before. |
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Many COBOL programs are still in use in major commercial enterprises, notably financial institutions. The use of serial decimal arithmetic in its design happened to make programs designed without provision for the advent of the 2000's particularly vulnerable to failure with the Millennium Bug (it should be pointed out that COBOL's serial decimal arithmetic avoided many other problems that can occur with the naive use of [floating-point arithmetic]? for financial calculations). Hence, many elderly COBOL programmers enjoyed several years of highly-paid work, often to fix the problems in systems they designed decades before. |
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