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

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To: Jeffrey S. Mitchell who wrote (247)10/7/1997 6:34:00 PM
From: Bill Wexler   of 1361
 
I beg to differ.

I have yet to see one fact that supports the Y2K hypothesis.

Example: the assertion that companies are scrambling to fix their "Y2K" problems, and that businesses will fail as a result of these problems.

I see a lot of press releases, and some speculation and paniced words from various government agencies, CIOs, etc. but it seems that the people who are truly in the know - the people who manufacture computers and publish software - do not see this as an earth-shattering issue, unless, of course, they stand to profit from it. Personally, I think the Y2K problem is a great way to get someone who is technically illiterate to upgrade an existing hardware/software platform.

I'm also intrigued by the strong emotions expressed by the Y2K believers. They really seem hell-bent on proving that this is a "real" issue. It seems to me that if this were truly a monumental problem, the evidence for it would be self-evident. We wouldn't need Y2K conferences or fly-by-night consultants offering Y2K "awareness" training or "assesment" services.
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