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Technology Stocks : Y2k : effects on non Y2k related stocks

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To: John Mansfield who wrote (39)8/12/1998 2:28:00 AM
From: Investor-ex!  Read Replies (3) of 54
 
John,

"US finance house Merrill Lynch admitted yesterday that dealing with the millennium bug would cost it $100 million more than it had originally expected."...

..."There is additional irony in Merrill's statement as the company recently released a report that downplayed the likely impact of the Year 2000 problem, saying there would be little economic damage and most companies would get through problems as they would in a power cut."

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