Forecross Corporation : Y/2000 Message Board

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Technology Stocks : Forecross Corporation : Y/2000

FRXX 0.000400

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Mar 7 3:00 PM EST

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To: AD who wrote (1411)	9/12/1998 11:28:00 PM
From: Ruyi	of 1654

The shift is going from replace to repair.First, the rush to replace systems may have created a bubble of demand that will now dissipate. Second, corporate technology spending will focus more on fixing 2000 concerns, diverting funds from other projects. Estimates are U.S. companies will spend US$300 billion this year on the 2000 problem.The average Fortune 500 firm has completed about half its millennium work. Previous estimates were that only 5% of the cost of 2000 fixes would come from existing technology spending. That could be shifting as the turmoil in equity markets and global economic conditions put pressure on corporate budgets.

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