Jeff, my nominee for the FBN Hall of Indignity:
Here is a partial table of contents of the current issue of "Year/2000 Journal" y2kjournal.com
(actual text of articles is not available online)
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November/December, 1997
Volume 1 Number 6
Year/2000 Compliance Letters: The Paper Blizzard Begins
Greg Cirillo
To the Mainstream Press: Get a Clue!
William M. Ulrich
Why are Year/2000 Projects So Difficult and Risky?
Ed Yourdon
Constructing Adequate Test Data
Don Estes
Year/2000: It's Not Just a Mainframe Problem
Bill Pike
NationsBank Plans For NO Year/2000 Surprises
Rich Seeley
Year/2000 and the Role of Government
Jerry L. Johnson, Kathy Rosmond, Leon A. Kappelman
Expansion vs. Windowing
Michael P. Harden
Adaptive Leadership and the Year/2000 Crisis
John Hiles
Embedded Microchips: Another Dimension of The Year/2000 Challenge
Ann K. Coffou
Picking Year/2000 Profits Off the Shelf
J. David Stewart
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After reading pages of dreary technical stuff, it's good to relax with a few chuckles, courtesy of good old Dave Stewart. Dave can help you avoid investing in "Johnnie-come-lately" y2k plays with no shelf life after 12/31/1999.
"For stocks that don't have a shelf life, if you pay any more (than 1X the 199 earnings estimate), you're paying too much - meaning your only hope of getting out ahead will be to find an even greater fool." Dave certainly knows that theory.
He goes into some detail on DDIM and VIAS as two companies that will use y2k as a "door-opener" to "much bigger opportunities" after y2k. Dave rehashes his old "I was the first one to discover DDIM" routine. DDIM, apparently, has "gone on to become the sweet-heart of the market" (I guess Dave hasn't read the DDIM thread for the last several months) "not to mention a darling of billionaire investor George Soros." Er, right, except that George never did buy DDIM himself, it was two brothers named Barton, who apparently invest Soros' capital at their own discretion (according to the Fortune article about Stewart and y2k from 8/19/1996). And I think they have since sold...
Strangely, there's no mention anywhere in this article of the biggest y2k play of all, "the software solution for the next millenium", "the next Microsoft": ZITL. I still have a copy of the Stewart Report Volume II, Issue 2, from October 3, 1996 ("The Growth Stock Advantage of Serious Investors") that recommends ZITL. It's going to be a collector's item one day.
But here's something Dave likes:
AnswerThink
"There will, no doubt, be exceptions. AnswerThink, a privately-held powerhouse that's looking to go public (hey, this sounds familiar!!!) just might be one of them. I'm very big on this company. Still, a great company and a great stock are frequently two different things, so we'll have to wait and see how it's prices at the time of offering." |
