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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: James Unterburger who wrote (3157)	2/18/1998 11:30:00 AM
From: Mr Logic	Respond to of 18691

James, Re Y2K: >>Wrigley's says in their 1997 annual report that they spent $5million in 1997, will spend $10million in 1998, and after that, no significant amount. FWIW<< This is spot on in terms of the timing of spending: the larger companies will spend the biggest external buck sooner rather than later... they are further through the Y2K fix than we believe. Also very many companies are taking the opportunity to replace rather than fix... revenues go to the software vendors rather than y2k vendors. P.