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Technology Stocks : Discuss Year 2000 Issues

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To: C.K. Houston who wrote (6034)	6/17/1999 1:58:00 PM
From: C.K. Houston	Read Replies (2) of 9818

U.S. Government Raises Estimate For Costs of Year-2000 Update Associated Press WASHINGTON -- The federal government raised to at least $8.06 billion its estimate Tuesday of how much it expects to spend fixing the year-2000 computer problem, $1.3 billion more than it predicted just three months ago ... interactive.wsj.com WSJ - registration required ============================================================ From a post I made in March The Federal government announced in their quarterly Y2K report that they expect the price tag for their Y2K fixes to be US $6.8 billion. That's an increase of US $400 million since their last quarterly report ... Which in turn was an increase of US $1 billion over their August '98 report ... Which was an increase of US $400 million over their May report. The report cited systems that had been thought fixed, but actually needed additional repairs, as the source of the increase. "To the extent that agencies encounter additional difficulties through testing ... costs are likely to rise," the report said. y2ktoday.com [I wonder how much the NEXT increase will be. UPDATE: We know now!] Anyone remember what the starting budget was in '97? I remember many of us laughed about it back then. Cheryl

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