Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: John Kratus who wrote (11707)	10/15/1997 3:21:00 PM
From: Quad Sevens	of 18263

Interesting new addition to the y2k scam: "Securities firm Donaldson Lufkin & Jenrette (DLJ) expensed about $45 million in the third quarter to solve the upcoming Year 2000 computer problem, an analyst said Monday". Full story (Reuters) at biz.yahoo.com More: ''A management contact said the costs to DLJ of fixing this is expected to be around $80-$90 million, of which approximately half has already been reflected in the expense line,'' said analyst Raphael Soifer of Brown Brothers Harriman & Co in a research report in which he also raised his earnings estimates for the firm. Let's use the .05 cents/LOC that some on this board are so fond of. We then see that DLJ has 80 million/.05 = 1.6 billion LOC. Fascinating. Wade

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