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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: P. Ramamoorthy who wrote (11152)4/23/1998 7:36:00 AM
From: KPV  Read Replies (1) of 13949
 
Big 3, auto suppliers & y2k. From today's detroit free press...... Chrysler to spend $55 million this year to fix y2k bugs. Ford to spend atleast $50 million. GM to spend between $360 million to $500 million. Last year GM spend $44 million on y2k issues. No numbers available for the large auto suppliers. The smaller suppliers ( revenues less than $100 million ) are not in good shape as they won't typically tackle the problem till it hits them right on the head. Regards, KPV
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