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Technology Stocks : Apple Inc.

AAPL 276.95

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Nov 25 3:59 PM EST

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To: VivB who wrote (22836)	1/28/1999 11:32:00 AM
From: Alomex	Read Replies (2) of 213173

OT The scope of this problem is huge. Now, imagine you are a new computer user. Wouldn't you rather start out with a system that has been Y2K compliant for years like Apple? I've been following this problem since 1995. Initially my guesstimate in costs was anywhere between 1 billion dollars and the end of civilization, which made the problem all the more maddening. With time, the expected range of the magnitude of the problem has narrowed significantly. The cost is now pegged in fixing and code updating costs alone at nearly $100 billion. This money is not entirely wasted, as a lot of the code/equipment updates were needed anyhow. The upper limit has also come down significantly. Firstly, it has been pointed out that major disruptions in services during the bombing of Baghdad, the 1998 blackout in Montreal that lasted two-three weeks and the earthquake of Mexico City in 1985 had a small long term impact on the conditions of civilization. Also the amount of awareness on the issue has increased substantially which also reduces potential impact. Therefore, barring a nuclear accident, the cost now is estimated, in the worst case to be below 1 trillion dollars.

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