Mohan, I too thought that spending would go up as needed to fix the Y2K problem. I may cases it may be cheaper to replace a computer and the software than to spend time and money trying to upgrade existing systems.
Here's a news release that I received from my broker:
Dell Computer Corp (DELL)
Oct 14, 1998 19:56 ET
Dell confirms new factory for Brazil
BRASILIA, Oct 14 (Reuters) - U.S. computer maker Dell
Computer Corp. has confirmed its plan to invest 128 million
reais ($108.5 million) in a new factory in Brazil, the
Brazilian Industry and Commerce Ministry said Wednesday.
Dell planned to build a desktop computer plant in Porto
Alegre, capital of southernmost Rio Grande do Sul state, the
ministry said in a statement.
"The project will create 250 direct jobs and production
should begin in April 1999," the statement said.
In August, Dell announced that, pending Brazilian
government approval, it planned to manufacture desktop computer
systems for customers in the Mercosur customs union, which
includes Brazil, Argentina, Uruguay and Paraguay.
Dell also said in August it planned to market a complete
line of desktop, notebook, workstation and server systems, and
offer service and technical support to the Brazilian market
through its direct-sale model.
Stock Bull |
