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The Tab Is Rising
What companies say they'll spend to avoid Y2K bugs
COMPANY PREVIOUS ESTIMATE NEW ESTIMATE
IN MILLIONS
AETNA $139 $195
AT&T 300 900
BANKERS TRUST 180-230 220-260
CENDANT 25 53
CHASE MANHATTAN 300 363
GENERAL MOTORS 400-500 890*
MCDONALD'S 8 30
MERRILL LYNCH 375 560
SEARS 63 143
XEROX 116 135
*Includes $300 million payment to EDS
DATA: SECURITIES & EXCHANGE COMMISSION, COMPANY REPORTS
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Updated Dec. 3, 1998 by bwwebmaster
Copyright 1998, by The McGraw-Hill Companies Inc. All rights reserved.
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