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To: Allen Sampson who wrote (14832)	4/14/1998 7:49:00 PM
From: jackc	Respond to of 31646

AMES is a small department store chain. Management has been doing everything right. I have followed it from $2 - $22. This is their honest Y2K report. We can use these costs as guidelines for other businesses around the world. [ Business \| US Market \| Industry \| IPO \| S&P \| International \| PRNews \| BizWire \| Finance Home ] Wednesday April 8, 1:06 pm Eastern Time Ames to spend $2-$3 mln on year 2000 bug WASHINGTON, April 8 (Reuters) - Ames Department Stores Inc. said Wednesday that last year it spent nearly $2 million on a year 2000 computer bug plan and plans to spend at least another $2 million over the next two years. Last year Ames spent ''approximately $1.7 million'' on its Year 2000 initiative and ''expects to spend $2.0 to $3.0 million over the next two years for conversion and testing of systems,'' the company said in its 10-K annual report filed with the Securities and Exchange Commission. The Rocky Hill, Conn., retail merchandiser said those costs include software, outside consulting and ''other expenses.'' It did not elaborate. Ames said it expects to be year 2000 compliant by the middle of next year and avoid the bug that may afflict many computers because the systems record dates using only the last two digits of the year. Such systems might consider the year 2000 as 1900, causing miscalculations, errors or crashes. More Quotes and News: Ames Department Stores Inc (Nasdaq:AMES - news) Help Copyright c 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon See our Important Disclaimers and Legal Information. Questions or Comments?