Y2K (Year 2000) Stocks: An Investment Discussion Message Board

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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: sibe who wrote (9792)	3/1/1998 10:00:00 AM
From: John Mansfield	Read Replies (1) of 13949

Just two US banks and their spending on Y2K : Citicorp; Chase << Citcorp to spend 600 million on y2k. Direct quote from the newly filed 10k: >> exchange2000.com : << Played golf today with a man who works for Chase, head office, international dept. One of his function is y2k compliance... originally Chase announced 280 million dollars set aside for y2k ,, no way he says,, it will take min 1/2 bill just for Chase alone.. further all their Asian operations are nightmare, he says,, not enough people in those countries with y2k knowledge.. He says countries in ASEAN for sure will be a problem ,,, but the worst fear is Japan ,, Also Chase and others declared end 98 compliance.. again he says impossible... Imagine the manufacturing sector.. Joe >>

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