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Technology Stocks : Discuss Year 2000 Issues

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To: Jim who wrote (8917)10/13/1999 9:24:00 AM
From: Sawtooth  Read Replies (1) of 9818
 
<<...the level of anxiety increasing closer to next January, don't you feel that there was much more "anxiety" earlier in the year? Why do you feel the this anxiety was there then, has dropped off, and will ramp up again before January. I think it is a straight line except for the "curiousity" on New Years Eve....>>

This is my perspective, too, Jim; but I didn't want to put it out with my question at Message 11519892 so that responses would not be influenced in any way. Back around the turn of 1999, almost everyone I corresponded with who was either up to their armpits in Y2k work, or senior management at a company with a Y2k project in progress, had a view along the lines of (paraphrasing loosely) "this is going to be the royal pits" and "we're preparing for all hel! to break loose". The only light at the end of the tunnel appeared to be the Y2k train screaming down on them.

And many talked about the slow build-up to a frenzied panic by the general population as they became more aware of the issue. Stock market collapse, $2,000/ounce gold, runs on the banks, etc.; much of it expected to be in full swing by third quarter 1999.

Now, every meeting I go to the same IS people and members of executive management who used to have beads of sweat on thier faces are saying (loosely paraphrased) "We're all ready; bring it on!" and the general population seems to be enjoying life just fine in "no worries"-mode.

We truly couldn't be happier with the way the Y2k project turned out at our organization. Neither could the vast majority of the other companies I correspond with. Doesn't mean nobody thinks some things won't go wrong or that the economy won't continue to cycle; as they will, no doubt. Just that things, overall, look pretty good from the perspective of many people who have spent huge amounts of time and money working on the problem.

Best. ...Tim
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