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Technology Stocks : Discuss Year 2000 Issues
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To: B.K.Myers who wrote (8876)10/4/1999 8:12:00 PM
From: David Eddy   of 9818
 
B.K. -

We take this warning to be more evidence that there is a Y2K induced slowdown in enterprise IT budgets.

Yes... the big guys (customers) who've spent lots of money ($100 million plus isn't big money to these folks) on Y2K are absolutely entering a freeze period. Nothing new goes into production. PERIOD!

So those 100+ P/E stocks that are counting on making their numbers in the 4Q99 are going to get hammered.

delay in finalizing a large contract. is going to a very familiar refrain.

- David
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