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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: CalculatedRisk who wrote (7505)11/3/1997 5:15:00 PM
From: Jeffrey S. Mitchell  Read Replies (2) of 13949
 
"It's going to be a dud," said David Starr, the chief information officer at Reader's Digest and a former technology officer at General Motors, ITT and Citicorp. "The fuse is going to go down to 2000, and we're going to wake up and nothing will have happened."

For the uninitiated, David Starr is the anti-De Jager of the Y2K newsworld. Check out his past companies: GM, ITT and Citicorp; now check out the SI Y2K reference thread to see just how much those same companies are estimating they will have to spend to correct their Y2K problem. Tens of millions of dollars each. Do you think it was a coincidence why he couldn't hold down a job?

Just because one thinks there is a costly Y2K problem in the world doesn't mean one automatically is talking apocalypse.

- Jeff

P.S. I hope you took my warning about ACLY seriously.
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