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


To: Jeffrey S. Mitchell who wrote (12235)7/6/1998 4:57:00 PM
From: John Mansfield  Respond to of 13949
 
'Fortune 250 companies, according to Triaxsys Research, have spent only 20% of their Year 2000 budgets as of January 1, 1998. The study, which was based on corporate 10k filings, determined that these companies were spending $33 billion to fix the problem. A second Triaxsys study found that Y2K factory vendors will, at current remediation processing rates, fix less than 9 billion lines of code over the next 18 months -- less than 10% of the total code in the U.S.
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