Keane The leading y2k service provider Message Board

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Technology Stocks : Keane The leading y2k service provider

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To: Mark T. Heath who wrote (1279)	9/9/1999 6:07:00 PM
From: Jason M	Read Replies (1) of 1316

I think that you're right in that the Street has unfairly labelled KEA as a Y2K company. Alot of the companies in this sector such as CHRZ and the now defunct TAVA were labelled as such. A large percentage of their revenue was Y2K generated. Now that Y2K spending is drying up, these companies need to prove that they can shift back to traditional IT work. KEA will have no problem since they were succesful even before the term Y2K was invented. The problem is that the Street believes that IT budgets will be frozen for awhile until companies are positive that no Y2K backlash occurs. I don't think any companies are going to begin on any ambitious IT project until everything is sorted out next year with Y2K. I guess the Street assumes that it may take a year for these companies to really ramp back up to their old levels and beyond. With 9/9/99 not posing any problems, companies have confidence that Y2K work is solid and they can proceed to other projects. This 6+ point pop certainly can't be attributed to that, though. Something else must be going on...

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