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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Bob Brinker, Jr. who wrote (2168)11/22/1997 9:45:00 AM
From: Gary D  Read Replies (1) of 42834
 
Another example of y2k's impact: I work for an s&p500 company, where, internally, management has stated that y2k is costing over 100 million. My impression is that much of this is being spent to replace software instead of modifying existing code--as much as possible is being purchased off the shelf to minimize the amount of "custom work" that is necessary.

There are also cases where hardware upgrades are necessary: an extreme example is that the manufacturer of a supercomputer is unable to guarantee that the operating system of one of its older models is y2k compliant. Originally the machine wasn't intended to be in service in 2000. And the manufacturer isn't going to do any work to insure their machine is y2k compliant--but then, why should they, when the alternative could be to sell us another? Our clunker will likely have to be replaced one or two years "early", at a cost probably between 10 and 20 million.
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