SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10 - Q/A
Quarterly Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
For the quarter ended September 30, 1998
Commission File No 0-2892
THE DEWEY ELECTRONICS CORPORATION
A New York Corporation I.R.S. Employer Identification
No. 13-1803974
27 Muller Road
Oakland, New Jersey 07436
(201) 337-4700
Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of
the Securities Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes X No
.
The number of shares outstanding of the registrant's common
stock, $.01 par value was 1,339,531 at September 30, 1998.
YEAR 2000 ISSUE
The Company has taken steps to have all of its computer
systems in compliance with year 2000 date requirement before
that date is reached. The Company has reviewed its internal
computer systems for compliance by identifying and testing all
of its internal systems.
In November 1996, the Company had hired an outside service to
upgrade hardware and make modifications to its main software.
In conjunction with this effort, the Company's main programs
have become year 2000 compliant. The cost of these services
was $5,085.
Some surveys of key suppliers are being conducted and updated
on an on-going basis. Based on the information obtained to date,
the Company does not believe that there will be any significant
impact that would adversely affect the Company relative to the
year 2000 issue. The Company is not able to identify all external
year 2000 issues such as those which may exist at the supplier
and customer levels.
The Company is continuing to work with its supplier base to
access the year 2000 status of vendors who provide critical
materials and services. To date, sufficient information has not
yet been received from vendors to confirm their preparedness for
year 2000. Contingency planning is being addressed particularly
in anticipation of possible interruption of supplies delivered by
any key vendors. This planning includes the identification of
such critical suppliers and possible alternative courses and, if
possible, alternate materials.
Since the Company's main programs have already become year
2000 compliant, future expenditures for this aspect are not
anticipated. Contingency planning for critical suppliers includes
various plans for further development based upon additional
findings and progress made in this area. The Company, at this
time, has no reason to believe that supply deliveries will be
interrupted, however alternative actions being considered are
intended to eliminate any material financial impact on the
Company. None of the Company's products will be affected
by the year 2000 issue.
PART II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
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No reports on Form 8-K have been filed during the quarter
ended September 30, 1998.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of l934, the registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly
authorized.
THE DEWEY ELECTRONICS CORPORATION
February 11, 1999 Thom A. Velto, Treasurer
Principal Accounting Officer
February 11, 1999 Edward L. Proskey
Vice President, Operations
