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

To: Colin Christie who wrote (8695)	1/4/1998 12:05:00 AM
From: Colin Christie	Read Replies (1) \| Respond to of 13949

Looks like IT managers are starting to get it: techweb.com Excerpted from above link: ..."Overall, IT managers named the Year 2000 date conversion project their single most strategic investment of 1998. Faced with a looming deadline, the date conversion projects are helping to drive IT spending higher than ever before. A number of IT shops are redoubling their commitment to a solution. For example, DHL Worldwide, a multinational package carrier, is planning a $25 million investment in Year 2000 compliance. Most of the money is going into evaluating and fixing 20 million lines of code. In a sign of the maturation of this issue, IT shops converting Year 2000 date fields will, on average, spend 29 percent of their Year 2000 budgets this year testing their revamped applications, according to the InformationWeek and VARBusiness Research survey. That percentage could be expected to rise even further as IT organizations move from Year 2000 repair to testing. "The biggest time-consumer is in the testing-testing end-to-end systems around the world to make sure everything works right," says Joseph Riera, chief information officer and senior vice president of DHL Airways Inc., a unit of DHL Worldwide Express in Redwood City, Calif. "We could do other things faster if we didn't have to spend the money on the Year 2000" project, concedes Riera. "But it's got a deadline, and it's a money drain, but it's got to be done." Riera's not alone: One in five IT managers expect their company's Year 2000 conversion investment will affect their company's ability to complete other important IT projects, according to the study."