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Technology Stocks : Discuss Year 2000 Issues

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To: C.K. Houston who wrote (5631)5/5/1999 10:41:00 AM
From: C.K. Houston   of 9818
 
Reported Year 2000 costs have increased dramatically over the prior 3 fiscal years. They have gone from about $74 million for fiscal year 1996, to $837 million for fiscal year 1997, to $2.745 billion for fiscal year 1998 for the 24 major agencies and 10 other organizations included in our review (7 additional organizations did not provide information on prior Year 2000 costs).

The reported costs for these prior years represent less than half of the $7.5 billion total Y2K costs estimated by the 24 major agencies ...

Joel C. Willemssen
Director, Civil Agencies Information Systems
freedom.gov

Cheryl
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