Y2K fixing to top $311 billion

Tina Milton

Tina Milton

Companies and governments of the world will spend an estimated $311 billion to fix the year 2000 computer bug, research from the International Data Corporation (IDC) has revealed.

Spending this year alone is estimated at $97 million and an estimated $184 billion was spent from 1995 to 1998. A further $30 billion will be spent between 2000 and 2001.

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