Vantive Corporation Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Vantive Corporation

VNTV 77.60

+2.6%

Jan 12 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: seth thomas who wrote (1382)	12/10/1997 1:34:00 PM
From: Clam Clam	Read Replies (1) of 3033

re Merrill Lynch, Most industries have very reasonable Y2k pressures so in general, my opinion is that a Y2K scare is somewhat overblown. However, I have heard over and over again that, by far, the worst positioned industry relative to Y2k are financial institutions. Moreover, Merrill's biz is cyclical as evidenced by a major cutback in spending in 1994 (by nearly all Wall Street firms) when the bond market fell off a cliff and trading 'profits' were minimal so cutbacks in spending (particularly IT spending) were big. Commercial banks are considered the worst positioned subset of financial and some banks have indicated they will devote close to 100% of IT resources on Y2K problems. My point is that companies focused on financial institutions might have trouble selling software (Scopus?)..... Interestingly, most IT people are not interested in doing Y2K stuff. Talk about a boring job... fixing non-compliant code sounds ridiculously monotonous. I understand that Shege Dambanza is 100% focused on Y2k in his consulting gig so he probably has the best read on this issue. Hey Shege, way to go out on the cutting-edge.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next