Discuss Year 2000 Issues Message Board

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Technology Stocks : Discuss Year 2000 Issues

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To: JBTFD who wrote (8958)	10/19/1999 7:56:00 AM
From: flatsville	Read Replies (1) of 9818

Mark--Thanks for the find...Remember my post re Unisys? Message 11550040 I then spent some time reading about 8 or 10 news stories re: the earnings announcement. (Had not seen quarterly report of course.) No real guidance on Q1 2000 or any mention of y2k in the stories. Hmmm...It was a bit confusing. It unnerved me. I thought I had missed something. Then I determined that Pisani's comments re: the word from the floor traders about y2k and Q1 must have been fabricated. They were catching on? Whether they are real y2k warnings or perceived y2k excuses in these earings reports, the bears are still picking them off the trail one by one. Billions of dollars in market cap gone to money heaven. I liked this part of the article the best: >>>To be sure, many analysts and money managers still consider the year-2000 bug a minor matter -- or a handy excuse to be trotted out by stumbling management. It's like "El Nino, or the dog ate my homework," says Charles Phillips, an analyst covering e-commerce and enterprise software at Morgan Stanley Dean Witter. He believes the use of Y2K as an excuse for poor earnings "will be very widespread." But he doesn't see any sign of a real business slowdown: "The great majority of companies in my sector are hitting their numbers."<<< "But he doesn't see any signs of a real business slowdown"...ROTFLMAO...not yet...He will soon enough. I'm short three indices. Regardless of the daily gyrations the trend is decidedly down. (The last time I looked this was still Silicon Investor, no?...We can talk about trading can't we? <ggg>) I doubt we'll see a Santa Claus Rally. Most likely a Scrooge Correction due to y2k fear and loathing.

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