Glad you posted that year-old article (Jan '97):
"Now, let me propose a real heresy to the Y2K zealots. The market for Y2K products may be shrinking instead of increasing. Think about it. Y2K problems have already been seen in some organizations and have been solved.
fool.com
GIVES US A CHANCE FOR A"REALITY CHECK".
A short list of what some companies and governments will spend on Y2K:
City of Corpus Christi: $10 million, Source: Corpus Christi Caller Times
Aetna: $95 million, Business Today
State of Maine: $12 million, Business Today
U.S. Government: $4.7 billion, Government Computer News/OMB
BankBoston: $75 million, Business Today
Citicorp: $600 million, Reugers
Filenes Basement, $6.9 million, Boston Globe
Union Carbide $50 million, Reuters
Continental Airlines, $12 million, Reuters
Chase Manhattan Corp., $300 million, American Banker
Fleet Financial Group, less than $150 million, American Banker
NationsBank, $120 million, American Banker
J.P. Morgan & Co., $250 million, American Banker
BankAmerica Corp., $380 million, American Banker
General Motors, $500 Million, Wall Street Journal
Columbia/HCA Healthcare, $60 million, Atlanta Business Chronicle
Amoco Corp., more than $100 million, Atlanta Business Chronicle
Atlanta's Life of Georgia, $3.5 million, Atlanta Business Chronicle
Credit Suisse Group, $330 million
Istituto Bancario San Paolo di Torino, $56 million, Reuters.
Houston Industries, $155 million, Dow Jones News Service
No company has DECREASED their budget.
The ONLY company I have heard publicly say their Y2K problem has been solved, has been READERS DIGEST. LOL If you know of any others, please post.
Cheryl |
