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Technology Stocks : 1999: RETURN OF THE YEAR 2000 (Y2K) STOCK

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To: Urlman who wrote ()11/16/1998 3:54:00 PM
From: BigJake  Read Replies (3) of 17
 
I agree. So much of the reports about Year 2000 progress we read is self reported progress. I suspect that unless a company is an an industry sector that is heavily regulated, like a bank or a securities firm, and subject to an audit, much of this self reported progress, shall we say politely is: "overly optimistic."

I believe there is much more to do than people realize. Just look at the press reports. Cost estimates for 1999 are already rising. Y2K service offerers will have their day again.

Also, many companies are just now finishing up their budgets for January 1, 1999. Y2K business will start to kick in with a vengeance shortly. You can already see it in the trade journals and employment ads.
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