Data Dimensions Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Data Dimensions

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TA Trader who wrote (2935)	9/1/1997 11:47:00 AM
From: Pete Mason	of 4571

>> To those of you who still do not believe the magnatude of the problem, I suggest you look into the amount of business that some of these companies are doing now. << I spoke to a friend of mine who works in an EDS-type corporation (they do IT for a lot of large corporations). According to him, corporate CIO's are looking at Y2K as a license to spend. Basically, if a CIO has ear-marked money and spent it in the name of Y2K, then he's covered his butt if something goes wrong. He says they're getting a lot of unexpected contracts from people either upgrading their systems (rather than fixing them), or fixing them. Some companies are saying "cool, look at this additional IT money we got for Y2K--let's upgrade our favorite systems!!" To split hairs, I got the impression that he thought a lot of this money didn't really need to be spent; but the salient fact is that it _is_ being spent. >> It's just too early to be short this group! << TA speak truth! Except I refuse to cover my ZITL... -- Pete

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next