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

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To: Jim Rathmann who wrote (212)10/6/1997 10:11:00 PM
From: Done, gone.   of 1361
 
Industry execs grapple with fallout of Year 2000

By Lisa DiCarlo, PC Week Online

Excerpts from www8.zdnet.com :

October 6, 1997 6:00 PM ET

Large corporations are spending roughly 20 percent of their IT budgets on the Year 2000 issue and, as a result,are putting application development and other projects on the back burner.

At a morning panel, Dell Computer Corp. CEO Michael Dell,PeopleSoft Inc. President, Chairman and CEO Dave Duffield, and Sybase Inc. CEO Mitchell Kertzman addressed the ripple effect the finding would have on their business.

"The [spending] boom is gone because of Year 2000 spending,'' said Duffield. "And that could result in a major slowdown of deployments.''

The apparent slowdown, however, does not seem to be affecting PC hardware purchases.

Bounced Czech
(Give you an idea regarding the private sector side of thangs? How many days left?)
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