The year 2038 problem (also known as Unix Millennium Bug, Y2K38 by analogy to the Y2K problem) may cause some computer software to fail before or in the year 2038. The problem affects all software and systems that store system time as a signed 32-bit integer, and interpret this number as the number of seconds since 00:00:00 UTC on Thursday, 1 January 1970. The latest time that can be represented this way is 03:14:07 UTC on Tuesday, 19 January 2038. Times beyond this moment will “wrap around” and be stored internally as a negative number, which these systems will interpret as a date in 1901 rather than 2038. This will likely cause problems for users of these systems due to erroneous calculations.
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[ http://en.wikipedia.org/wiki/Year_2038_problem ]