>That estimate may be vastly overstated.  A large number of in-house COBOL 
>systems and packages written in COBOL have been replace by things like SAP. 

I disagree with that, but there is no (recent) evidence to support it either 
way.
The last studies I saw were for Y2K, and there was still a lot of code.

Two companies I worked for estimated it would take a minimum of 5 years and 
$100,000,000 US to do it.
Both are still generating new COBOL code every year.
One outsourced their development to India because they couldn't find any new 
COBOL programmers.
Unfortunately, that meant they moved the problem around, and with India's 
economy speeding up, programmers are moving around quickly with higher salaries 
each time.
This also means that what little business knowledge they managed to transfer to 
India is quickly disappearing.

So, I think the cost and time estimates are low.

I could go on, but I'll stop now.

-
Too busy driving to stop for gas!

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