SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jeffrey S. Mitchell who wrote (7637)11/7/1997 11:52:00 AM
From: CalculatedRisk  Read Replies (2) of 13949
 
Jeff, RE: NationsBank. $100 Million is a large number, but ... to help put this in perspective: NB's IT budget for 1997 is $1.13B. (Yes, B as in Billion!) They have a similar budget for '98. A quick calculation shows they are spending less than 5% of their '97 & '98 IT budgets on Y2K work.

BTW, NB has 4700 in-house IT employees. They are planning on completing the work by the end of 1998 (earlier now according to the article you posted) using in-house talent.

Hope this helps with your investments.
Regards, Bill
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News