Y2K (Year 2000) Stocks: An Investment Discussion Message Board

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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: P. Ramamoorthy who wrote (8795)	1/7/1998 4:11:00 PM
From: TEDennis	Read Replies (1) of 13949

Ram: Re: best strategy ... Wow. I wish I had the answer to that one. I'd write a book, make a bazillion dollars, and invest it in FBN stock. The constraints you mentioned: "shortage of skilled labor" "short time frame" and "lack of documentation" ... The list of companies I gave you before have been attacking those issues for several years as they claimed rather mundanely that they provided functionality for COBOL maintenance programmers . In fact, before the Y2K problem became the "in" thing to claim support for, that's what they did for a living. CPWR and VIAS have been at each other's throats for 10 years over the mainframe debugger competition. PLAT jumped into the portfolio assessment fray with CPWR and VIAS when they acquired/licensed the rights to Adpac. So, all those major 'oldtimer' vendors have had the time to work the kinks out of their solutions. Not the same case with the newer guys. They'll be running across surprises for a long time to come. Even the oldtimers still encounter gotcha's that surprise everybody. The real issue that delayed a lot of the Y2K activity is the other constraint that you mentioned: lethargic management. If management had taken a more proactive stance earlier in the 'life' of the Y2K fever, then we wouldn't be in the 'snowball' position we're in today. Believe me, I made enough presentations to management to vouch for the fact that there were MANY levels of concern. Now that every day has additional articles in the press talking about liability, management is taking a much more proactive stance. That's why I think this quarter and next are going to be real barnburners for the Y2K stocks. I'd appreciate anybody's comments on what their strategy might be. As for my own personal strategy, my gambling funds make up 1/3 of my entire portfolio. I've invested 75% of those gambling funds in Y2K issues and 25% in another sector. The other 2/3 of my portfolio that make up my retirement funds that I live off of are invested in much more stable issues via an asset allocation model. Good luck, TED

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