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: Mighty_Mezz who wrote (7763)11/13/1997 11:55:00 AM
From: Mighty_Mezz  Read Replies (1) of 13949
 
B of A to spend $250 million for Y2K, says CEO David Coulter.

Near the end of a Reuters story on B of A and the internet, comes this:

>>Looking to other technological concerns within
BankAmerica, Coulter said BankAmerica is focusing a
lot of energy on updating its computer system for
the year 2000.

If I had to estimate what we're likely to spend
between now and 2000 to be fully year 2000
compliant, I'd say we're likely to spend $250 million
plus or minus but that has a very high variance,''
Coulter said.

It's a gigantic problem and I'm very concerned as I
travel around the world that not everyone is taking it
as seriously as they should, including financial
institutions, governments and corporations,'' he said.

source:
infoseek.com
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