An Ancient Computer Language Is Slowing America’s Giant Stimulus [Yahoo! Finance News]
Gartner, Inc. (IT)
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Source: Yahoo! Finance News
) --The Covid-19 pandemic has exposed aging, inflexible computer systems at the heart of the U.S. economy -- and a shortage of experts to fix the problem. This is slowing the government’s effort to get billions of dollars in stimulus checks to millions of newly unemployed citizens.The $2.2 trillion CARES Act passed in late March includes a $600 weekly increase in unemployment benefits. That money won’t reach anyone until state agencies update technology systems to reflect the law and handle the flood of new applications.Oklahoma is trying to implement CARES as quickly as it can, but some claims are taking as long as two weeks to process because of a mainframe computer that runs on a 60-year-old programming language called COBOL.“It is the largest issue with regards to implementation in the CARES program,” said Robin Roberson, executive director of the Oklahoma Employment Security Commission. “Our mainframe is literally over 30 years old. It’s very difficult to program, it doesn’t do m
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IT
News
- Gartner (NYSE:IT) was given a new $300.00 price target on by analysts at Truist Financial Corporation.MarketBeat
- Gartner (NYSE:IT) was given a new $256.00 price target on by analysts at UBS Group AG. They now have a "neutral" rating on the stock.MarketBeat
- Gartner Marketing Survey Finds 56% of Consumers Are Already Spending Like It's a Recession [Yahoo! Finance]Yahoo! Finance
- Gartner Marketing Survey Finds 56% of Consumers Are Already Spending Like It’s a RecessionBusiness Wire
- Leading Without Noise: The Case For Quiet Confidence In Modern Leadership [Forbes]Forbes
IT
Earnings
- 11/4/25 - Beat
IT
Sec Filings
- 12/3/25 - Form 144
- 12/3/25 - Form 144
- 12/2/25 - Form 4
- IT's page on the SEC website