FRAMINGHAM (03/07/2000) - Year 2000-related projects and repairs are still going on for large technology companies, according to a study conducted by PricewaterhouseCoopers.
Out of 150 large companies surveyed, 12% are wrapping up Y2k projects and repairs, the study said. PricewaterhouseCoopers interviewed 150 chief financial officers and managing directors of large businesses. The New York-based consulting company said it also surveyed 241 CEOs from small, privately held companies.
Warren Martin, PricewaterhouseCoopers' managing partner of global technology practices, said companies are repairing minor issues that haven't appeared until now. For example, Y2K glitches may surface in applications for long-term budget forecasting.
Other findings in the survey of large companies include the following:
Of those companies that make products, 13% said Y2k projects represented an average of 13% of their current fiscal budget.
Of those companies that offer services, 10% report some Y2k-related work remaining, but said they only expect to use 1.8% of their current budget.