"AT&T, for example, had said in early 1997 that it might shell out $300 million. Now, it says it could spend $900 million" SOURCE: DEC 14 1998 issue of business week. (Concerning the Y2k bug)
SOURCE: 1997 CHRZ press release:
Computer Horizons Awarded Major Year 2000 Code Conversion Contract by AT&T
MOUNTAIN LAKES, N.J., April 11, 1997--Computer Horizons Corp. (NASDAQ: CHRZ) announced today that it has been awarded a Year 2000 contract by AT&T Corp. (NYSE: T), confirming a story that appeared on the Dow Jones newswire on April 7.
Under the terms of the agreement, Computer Horizons will assist in providing Year 2000 planning and project management support, as well as perform assessment and code repair.
Computer Horizons' work on the project began in December 1996 and is expected to be completed by the end of 1998. Code assessment and repair are conducted at the Computer Horizons Millennium Refurbishment Center in Parsippany, NJ.
“Our goal is to be Year 2000 compliant by year-end 1998,” said George Brucia, AT&T's Year 2000 Program vice president. “Working with Computer Horizons and other vendors will give us the quality, expertise and cost controls we need to get there with minimal disruption to existing AT&T software development efforts.”
“Computer Horizons brings solid Year 2000 experience, project management expertise, proven methodology, state-of-the-art tools and a highly trained team of Year 2000 experts,” said John Cassese, President and Chairman of Computer Horizons. “We meet Year 2000 compliance demands with timely, well-planned, cost-effective solutions.”
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