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Technology Stocks : 2000 Date-Change Problem: Scam, Hype, Hoax, Fraud

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To: David Eddy who wrote (104)9/30/1997 11:22:00 PM
From: Bill Wexler   of 1361
 
Words won't do it. Physical evidence will.

The Y2K hoax is very reminiscent of the hysteria surrounding computer viruses. Both have a germ of truth at the core (please excuse the pun), but both issues have been grossly misunderstood and overhyped. Interestingly, many people refer to the Y2K problem as the Y2K "virus".

I remember all the press and hoopla surrounding the "Michaelangelo" virus a few years ago. Dan Rather was grimly reporting how the virus threatened "millions" of computers around the world when it was due to activate on a certain date (I guess the date was Michaelangelo's birthday).

Naturally, it turned out to be a big non-event. The Y2K hoax is very similar in this regard. It's a sexy issue because it plays directly into millenial apocalypse superstitions and layman's misconceptions about computers in general.
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