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Technology Stocks : Y2k Denial on SI

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To: Bill Wexler who wrote (150)1/1/2000 10:04:00 AM
From: Hubert Few   of 151
 
Bill, to dismiss the Y2K issue as a hoax is a gross over-simplification. Many people DID put in long hours fixing problems that could have caused major problems, I was one of them.

To sum it up, as with all "doom and gloom" scenarios, you have extremes at both ends. People who believed (and still believe) it is "nothing at all", and people who believe it to be the end of civilization as we know it.

You need look no further than the banking industry for proof that the problem is "real". You could not have any inkling of the issues involving mainframes and COBOL and think that the whole thing was a hoax perpetrated by con-artists.

Over the past six months I moderated my thinking and abandoned the notion that there would be wide-spread power outages, my major concern at the time. No power, no problem, as I would tell people who asked my opinion.

I am glad that the initial "hype" surrounding Y2K is over, but I am not discounting the possibility (20% by my seat of the pants analysis) that some substantial disruptions may occur, and if you happened to be on the receiving end, they would be very real to you!

Best Wishes in the New Year, I do think your points are valid, I just don't happen to agree on some of the specifics.
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