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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: wooden ships who wrote (5194)5/27/1998 12:49:00 PM
From: Trebor  Read Replies (1) of 42834
 
IMO, the Y2K problem is somewhere south of Gary North's doomsday prediction and somewhere north of Bob B's view that it is no big deal. I just read that Chrysler will spend $50 million this year on Y2k remediation, Ford will spend at least that much and GM will spend up to $500 million. Even for GM, $500 million is not pocket change; the money has to come from somewhere and that makes it an investor issue. The link for the story on Y2K and the auto industry is:
spokane.net
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