<<What do you think of Y2K in general?>>
I've been concentrating on the Y2K effect in the retail sector, after learning one of my companies (AMES),(great long, by-the-way), was going to spend $2-3 million over the next 20 months. In Dayton Hudson's 1997 A.R. just released, they claim their costs will be, or exceed $40.0 million. I believe the SEC is, or will soon be requiring companies to publicly state their estimated Y2K costs in future 10-Q filings. I know very little about the technical aspects of correcting the problem, but from where I sit, the problem does appear to be real, or at least real expensive.
Over the Easter holiday weekend I was told by a relative from Wash,DC, that it would be a very prudent idea to obtain a hard copy of my Lifetime Earnings and Benefits Statement from the Social Security Administration,-- just in case. They can be reached at:
ssa.gov
Look under - Online Direct Services. |
