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To: Jack Zahran who wrote (5582)11/7/1997 11:47:00 AM
From: Jack Zahran  Read Replies (1) | Respond to of 31646
 
From WSJ Interactive Edition:

Mr. Komansky said Merrill will hew to its strategy of attracting customers willing to pay a premium for financial advice and guidance. Meantime, the firm will continue to spend heavily to upgrade its technology to support its brokers, he said. Merrill is spending about $300 million just to rid its computer systems of the dreaded "year-2000 glitch," he added.