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

To: michael tantleff who wrote (11898)	6/10/1998 9:45:00 PM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 13949

Cap Gemini Y2K Survey - Part 1: Spending Just received my copy of the Cap Gemini TransMillennium Services Y2K survey. In the few spare moments I can get, I'll try to post some of the results. The survey was based on 128 responses from 12 different sectors: aerospace (10), computers (8), distribution (8), financial services (16), health (9), manufacturing (13), oil & gas (12), pharmaceutical (11), software (10), telecommunications (12), transportation (10), utility (9). IT spending results (in millions): 0-50: 10% 51-100: 28% 101-150: 42% 151-200: 8% 201-250: 6% 251-300: 4% 301-499: 0% >500: 2% Percent of IT Budget Allocated to Year 2000 Solution (April '97 projection, August '97 projection, December '97, March '98) 0-20%: 14%, 12%, 14%, 13% 21-30%: 66%, 72%, 74%, 72% >31%: 20%, 16%, 12%, 15% Where will (does) funding come from? (August '97, December '97, March '98) Pass thru to customer: 0%, 5%, 5% Existing maintenance budget: 23%, 25%, 25% Dividends to shareholders: 0%, 0%, 0% Other IT areas: 39%, 40%, 40% Elsewhere: 80%, 80%, 80% How would you classify your Y2K spending estimates to date? (December '97, March '98) Too low: 82%, 85% Too high: 12%, 10% On target: 2%, 3% Don't know: 4%, 2% - Jeff