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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Mighty_Mezz who wrote (7763)	11/13/1997 11:55:00 AM
From: Mighty_Mezz	Read Replies (1) \| Respond to of 13949

B of A to spend $250 million for Y2K, says CEO David Coulter. Near the end of a Reuters story on B of A and the internet, comes this: >>Looking to other technological concerns within BankAmerica, Coulter said BankAmerica is focusing a lot of energy on updating its computer system for the year 2000. If I had to estimate what we're likely to spend between now and 2000 to be fully year 2000 compliant, I'd say we're likely to spend $250 million plus or minus but that has a very high variance,'' Coulter said. It's a gigantic problem and I'm very concerned as I travel around the world that not everyone is taking it as seriously as they should, including financial institutions, governments and corporations,'' he said. source: infoseek.com