Y2k Denial on SI Message Board

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Technology Stocks : Y2k Denial on SI

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To: John Mansfield who wrote (119)	12/26/1998 9:44:00 AM
From: John Mansfield	of 151

'Not a quote, but a special Duh-2000 tip of the hat to: Merrill Lynch, (nominated in the previous contest for painting a rosy picture of corporate Y2k readiness) who just disclosed in their recent SEC-10k filing that their Y2k remediation effort would be $100 million (US) more costly than the $275 million (US) they said it would in March 1998. Oopsie! This from the company that just released a report saying that most businesses were in good shape. Read about their report in the TechWeb article Merrill Lynch Paints Rosy Y2K Picture, July 10, 1998, and about their new estimate on the VNU Newswire Merrill Lynch forced to add $100 million to Y2K costs August 11, 1998. duh-2000.com

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