Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Risky Business who wrote (13222)	11/7/1998 12:26:00 AM
From: Peach	Read Replies (1) \| Respond to of 13949

Chevron Estimates Year 2000 Expense Will Cost Up to $300 Mln San Francisco, Nov. 6 (Bloomberg) -- Chevron Corp., the fourth-largest U.S. oil company, expects to spend $200 million to $300 million to fix its so-called Year 2000 computer software bug, according to a company regulatory filing. San Francisco-based Chevron said it has spent so far $40 million making sure its computers will recognize the year 2000. The company also said work won't be finished when the clock turns to Jan. 1, 2000. ''It is impractical to seek to eliminate all potential Year 2000 problems before they arise,'' according to the 10-Q filed with the U.S. Securities and Exchange Commission earlier today. Chevron earned $3.26 billion in 1997 on revenue of $35 billion. Its shares rose 1 15/16 to 83 in late trading.