Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.610

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3:59 PM EST

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To: Bill Wexler who wrote (5824)	1/2/2000 6:57:00 PM
From: RockyBalboa	of 10293

Umm, some say they aren't dead at all. Do you hear them? But basically, the article nails it - earlier claims by the Y2K industry have not materialized: cbs.marketwatch.com Especially: >>>>> From bad to bleak What happened? Only a fraction of Y2K computer fixes have been given to software and service companies, said Jack King, former chief executive of Zitel. Most large businesses chose to do the work internally. Many small businesses put off fixes entirely. For most Y2K firms, the bust started in late 1997 and went from bad to bleak by mid-1999. "We thought about 45 percent would be outsourced, and something closer to 7 percent actually was outsourced," King said. What's worse, much of the work that was completed by service companies was for a sliver of profit -- if any. Companies such as Zitel were expected to retain as much as 18 cents in profit for each line of fixed computer code. But King said that they were lucky to receive half that. Competition in the underdeveloped market was fierce. ..... <<<<<<

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