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Politics : Clinton -- doomed & wagging, Japan collapses, Y2K bug, etc -- Ignore unavailable to you. Want to Upgrade?

To: Emile Vidrine who wrote (817)	12/1/1998 8:29:00 PM
From: SOROS	Respond to of 1151

dailynews.yahoo.com

To: Emile Vidrine who wrote (817)	12/1/1998 8:31:00 PM
From: SOROS	Respond to of 1151

dailynews.yahoo.com

To: Emile Vidrine who wrote (817)	12/1/1998 8:33:00 PM
From: SOROS	Respond to of 1151

Cost of fixing year 2000 computer bug keeps rising Associated Press - 11/25/98 HACKENSACK, N.J. (AP) - Businesses are spending more than they expected to fix their computers as the year 2000 draws closer. The cost of fixing the dreaded ''Y2K'' bug keeps going up. The Record of Hackensack reported in Wednesday's editions that some big companies already have spent hundreds of millions of dollars on the problem, and still face the prospect of spending tens of millions more. The newspaper examined reports filed with the federal Securities and Exchange Commission over the past few weeks. Banks are among the biggest spenders. For many large banks, Y2K costs are running at least 20 percent higher than anticipated earlier in the year. Chase Manhattan Corp. now says it will have to spend $363 million to fix the bug, up 21 percent from its $300 million estimate just a few months ago. Bank of New York's estimate is up 28 percent, to $82 million. Bankers Trust Corp. now says its Y2K costs will be $220 million to $260 million. Just a few months ago, its estimate was $180 million to $230 million.