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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

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Nov 21 4:00 PM EST

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To: John Hunt who wrote (23834)	12/5/1998 5:34:00 AM
From: John Hunt	Read Replies (2) of 116764

Corporate Y2K costs soaring - BusinessWeek dailynews.yahoo.com << Major U.S. corporations and experts are hastily beefing up their projections of how much it will cost to adjust computers to cope with the millennium change less than 13 months away, according to a feature story in the December 14 issue of BusinessWeek. Technology consulting firm Gartner Group Inc. (GART - news) in Stamford, Conn., warns the global cost could hit a whopping $1 trillion, $600 billion in pre-year-2000 costs and the rest coming after the big event, the article said. From an investment prospective, many corporations now say that, to fix the problem, they will have to spend about 26 percent more than they thought just a few months ago, the article said. -- cont'd -- >> Now we have 40% or $400 billion being spent AFTER y2k to fix the problem!

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