ACLY- ACCELR8. Year 2000 Stock Message Board

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Technology Stocks : ACLY- ACCELR8. Year 2000 Stock

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To: Bob Trocchi who wrote (1341)	4/29/1998 4:23:00 PM
From: Jeffrey S. Mitchell	Read Replies (2) of 1518

Re: Intel and Y2K Here is a quote from Andrew Grove, CEO of Intel, from a Washington Post article: Meeting yesterday with Washington Post reporters and editors, Grove said he put this proposal yesterday to a U.S. senator whom he declined to identify publicly. On hearing it, the senator "blanched because they are so far away," Grove said, adding that his own corporation is spending about 20 percent of its information technology budget on correcting year 2000 problems. "The problem's going to be pretty bad," Grove said. Source: washingtonpost.com Seems to me that for an IT company like Intel, 20% of one's IT budget is a humongous amount. The process is obviously much more detailed than getting upgrades to canned software. Here's a link to a post containing their Y2K disclaimer statement: techstocks.com Hope that helps! - Jeff

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