On an earlier thread a news report said that GM was spending 360 - 420 million $$$$

 GM to spend $360-$420 million on Y2K bug

This is from their current disclosure. Lesson?? Never trust the news if there is another way to verify the information. The above figures don't include the EDS program which is very Y2K relevant.
 
 

http://www.sec.gov/Archives/edgar/data/40730/0000040730-99-000074.txt

"GENERAL MOTORS CORPORATION AND SUBSIDIARIES

Year 2000  (concluded)

   GM's current forecast is that its total direct  expenditures,  plus the value
of services  performed by EDS  attributable  to GM's Year 2000 program,  will be
between $564 million and $624 million. This amount includes the following:
  -   an estimated $360 million to $420 million in direct GM expenditures. This
      estimate  includes a $62 million  payment from GM to EDS at the end of the
      first  quarter  of 2000 if  systems  remediated  by EDS under  the  Master
      Service  Agreement do not cause a  significant  business  disruption  that
      results in material financial loss to GM due to the millennium change;
  -   and an  estimated  $204  million  representing  the  value  of Year  2000
      services  that  EDS is  providing  to GM as part  of  normal  fixed  price
      services  and other  ongoing  payments  to EDS under  the  Master  Service
      Agreement.  This  estimate  does not include  the $62  million  additional
      payment from GM to EDS at the end of the first  quarter of 2000  mentioned
      above."

And a bit of international information

"Of the critical  supplier  sites being  tracked  globally in 54 countries for
specific risk management action, approximately 40% are outside of North America.
Of the high-risk suppliers who have received or are receiving direct remediation
assistance, approximately 77% are outside of North America."

Oh and this elevator thing pops up again

"Embedded  systems  include  microprocessors
used in  factory  automation  and in systems  such as  elevators,  security  and
facility management."

And the command center

 "A natural  extension of GM's  contingency  planning is the deployment of a
    command center structure,  that is scheduled to begin limited  operations in
    September  1999. The Global  Command Center at the GM Technical  Center will
    have redundant  communication and other systems,  allowing for uninterrupted
    operations  and  connectivity  with other GM command  centers  strategically
    located around the world.  Detailed plans and procedures are currently being
    developed  and will be  validated  during  the fourth  quarter of 1999.  The
    centers will be staffed  with  appropriate  personnel 24 hours a day,  seven
    days a week beginning the week of December 27, 1999. Operation will continue
    for as long as conditions warrant."

The status of GM at this time

"The  readiness  test phase began in the fourth  quarter of 1998.  To date,
    individual  system  tests  have  been  completed  on more  than  99% of GM's
    critical  applications.  Approximately 300 integrated business process tests
    and 900 integrated manufacturing system tests have been completed. More than
    100 live  production  tests  have also been  completed  and  adjudged  to be
    successful.  All readiness testing is scheduled for completion by the end of
    September 1999."

-- Brian (imager@home.com), August 18, 1999

Answers

To the top and there is no Microsucks disclosure yet. Kind of waiting on that one :o)

-- Brian (imager@home.com), August 18, 1999.

Whoa there.

You mean GM is actually reducing their cost estimates?

Quarter 1 10-Q

Total Expenditures: $710 to $780 million Total Direct: $450 to $520 million

Quarter 2 10-Q

Total Expenditures: $564 to $624 million Total Direct: $360 to $420 million

Wonder if this means Weiss will upgrade GM? Assuming he gets the numbers right this time, that is.

-- Hoffmeister (hoff_meister@my-deja.com), August 18, 1999.

Good news - hey look, if they found that the previous estimate was too high, thye would be in the minority of businesses, but recall too that the "original" estimate was far, far lower. Let us hope their testing was more effective than Bell Lab's, or MCI's maybe ....

___

By the way, do you get the impression that GM is taking this more seriously than Clinton is? Multiple command centers, redundant communications, overseas interfaces, etc. - seems like they are expecting maybe a big bump in the road, eh?

But of course, GM only have to stay in business, the government only has to to stay in power by misleading the masses.

__

Did anything in the original full disclosure identify how many suppliers were actually going to be cut-off for not becoming compliant at the July 30 due date?

-- Robert A. Cook, PE (Kennesaw, GA) (cook.r@csaatl.com), August 18, 1999.

We would ship defective parts and GM would say if it happens again we're going to get a new supplier. Well it's not that easy to do on a lot of auto parts. You have to move all the equipment then start running it again. A lot of loss for GM or any company that way.

-- GMusedtobe (not@gm.com), August 18, 1999.

Maybe I got my info wrong back quite a few months ago but when I was checking into Large companys that had large amounts of code to remediated, Gm top the list with 2 billion, not to mention embeds. In trying to estimate the number of companies that wont make rollover, and a bunch wont, GM has to be at the top..sorry...and how many folks remember last February when the top 20 GM stock holdeds sold all there stock oppitions, each of which had a range of 5 to 9 million in stock. Now you tell me, if the guys you hired, who are expected to be total team partners and compete to get those wonderful perks, decide collectively to all sell...How do you feel about the longevity of your business.. And I havent even touched on the 80000 plus outside venders....Toast..sorry

-- Les (yoyo@tolate.com), August 18, 1999.

Hoff

Not to nit pic but the 2nd Q doesn't include Delphi Automotive. That might cover a bit of pocket change. So that is where a bit of the discrepency lies. Delphi Automotive split off as of May 28/
 

1st Q

about $14 million,  $40
million and $7 million was  incurred on behalf of Delphi for first  quarter 1999
and for the years ending 1998 and 1997, respectively.

2Q

GM's Year 2000 program includes assessment and remediation  services provided
by  Electronic  Data  Systems   Corporation  (EDS),  GM's  primary   information
technology  supplier,  pursuant  to a Master  Service  Agreement  with  GM.  ***The
expenditures  and other figures  contained  herein have been adjusted to reflect
the spin-off of Delphi Automotive Systems.***
 

DELPHI AUTOMOTIVE SYSTEMS CORP

 We incurred  about $12 million of Year 2000 expenses& nbsp; during the second  quarter of
1999.  Delphi  currently  expects its total Year 2000  spending to be about $104
million, which will be funded from operations.

-- Brian (imager@home.com), August 18, 1999.

Les

I would assume that would be EDS that has to fix the code.

Sounds like they are going to earn their pay (if they get it :o)

Robert

Didn't notice any suppliers getting the axe, but there is mention of stockpiling.

-- Brian (imager@home.com), August 18, 1999.

Good catch, Brian. The estimate is still lower, but it does look like a chunk is due to Delphi.

-- Hoffmeister (hoff_meister@my-deja.com), August 18, 1999.

Hoff

There does seem to be a discrepency between the two disclosures as to what EDS is getting paid that I don't understand.

Pretty wierd

1st. Q

Also, the estimated value
of services provided to GM by EDS during the first three months ending March 31,
1999 and for the years ending 1998 and 1997 under the Master  Service  Agreement
attributable  to work  performed in  connection& nbsp; with GM's Year 2000 program was
approximately $280 million.

2nd Q

 -   and an  estimated  $204  million& nbsp; representing  the  value  of Year  2000
      services  that  EDS is& nbsp; providing  to GM as part  of  normal  fixed  price
      services  and other  ongoing  payments  to EDS under  the  Master  Service
      Agreement.

-- Brian (imager@home.com), August 18, 1999.

EDS (Perot) has long been intimately involved inside of GM, but have they committed equal resources (or comparable remediation contracts) to other companies?

Or did EDS figure they only need one cash cow? Could only actually support the remediation effort for one cash cow that big? (Cashed elephant?)

-- Robert A. Cook, PE (Kennesaw, GA) (cook.r@csaatl.com), August 19, 1999.

Robert

What ever EDS are doing they are making a TON of money doing it.& nbsp; 9 BILLION in the first half of 1999

I would check out their disclosure, it is interesting. Here is a snip that got a chuckle from me :o)

 ****ELECTRONIC DATA SYSTEMS CORP /DE

Third Party  Compliance.  Our  business is  substantially  dependent on the
ability to transmit our data and the data of our clients and their& nbsp; customers on
a worldwide basis through data, voice and video networks. These networks include
EDSNET(R), our proprietary network which integrates multiple third party network
owners with EDS  controlled  and managed  components,  as well as the "extended"
networks (i.e., networks outside of EDSNET(R)) of third party international, national and
local  telecommunications  providers  which are used to transmit  data by EDS as
well as thousands  of other  organizations.  As& nbsp; previously  disclosed,  we have
agreed to sell EDSNET(R) and certain  related  network assets to MCI WorldCom in
connection with the outsourcing of our network to MCI WorldCom.

-- Brian (imager@home.com), August 19, 1999.