zdnet.com
Did Y2K consultants cry wolf?
Jan. 10/00
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> After Y2K arrived without major disruptions, IT managers and their bosses might wonder: Was it just costly hype?
Yes, said one researcher, and it cost the world $66 billion to $76 billion in unneeded Y2K spending.<
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>Still, some experts insist, the most vocal Y2K doomsayers were wrong. And that includes many of the Y2K analysts and consultants claiming that their advice helped prevent catastrophe, said John Gantz, a senior vice president at IDC, in Framingham, Mass., who led the company's Y2K coverage. Rather than throwing the world into recession, as economists including Ed Yardini, chief economist at New York-based Deutsche Bank Securities Inc., predicted... < |
