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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: C.K. Houston who wrote (7667)11/9/1997 2:30:00 AM
From: Jeffrey S. Mitchell  Read Replies (2) of 13949
 
Re: Is admitting a Y2K problem a badge of honor or a scarlet letter?

With all the talent here on SI, we should be able to come to some reasonable conclusions why so many companies are reluctant to announce news about their Y2K problems. Here are some possible reasons:

1. Companies think a Y2K problem is an admittance of shoddy programming
2. Companies don't want to panic investors with large Y2K budgets
3. Companies want people to think they are doing the work in-house and thus don't want press releases mentioning outside vendors
4. Companies are just waiting to announce they've solved the problem
5. Companies have yet to take any course of action and thus have nothing to report

[This is where Jumper posts: "6. There is no problem"]

- Jeff

BTW, CK, here is the a great link for media resources: mediasource.com
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