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The cost of Y2K

While a government report says the bulk of the estimated $100 billion to fix Y2K problems has already been spent, recent lawsuits suggest that litigation costs may have just begun.

Tech Industry

 

  roundup 

While a government report says the bulk of the estimated $100 billion to fix Y2K problems in the United States has already been spent, recent lawsuits suggest that litigation costs may have just begun.

"The greatest cost to our economy is behind us ... Any glitches that pop up next year should not hurt our economic growth."

- William Daley, Commerce Secretary

 


Report: U.S. to spend $100 billion fighting Y2K
U.S. government agencies and organizations will spend more than $100 billion fighting the Year 2000 technology problem, much less than many earlier forecasts, according to a government report.

SEC files suit against Y2K toolmaker
A Denver-based software company misrepresented the capabilities of its software intended to fix Year 2000 computer problems and filed false earnings claims, the SEC asserts.

Multiple Y2K fixes could touch off legal maelstrom
Bruce Dickens' decision to contact major companies about fees and royalties for infringement of Y2K corrective method may entice some 30 other patent holders to go out looking for money and prompt a slew of legal battles.

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