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Technology Stocks : REFERENCE

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To: gamesmistress who wrote (132)11/15/1997 3:06:00 PM
From: C.K. Houston   of 411
 
Discussion on FLUOR deciding internally to not push Y2K work.
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Ken Owen announced as NEW Topro V.P., Business Development. Owen was recently Director of Systems Integration at FLUOR and an early leader in the recognition of Y2K issues in factory automation systems.

Skipard Reply #6031
FLUOR has problems with business they have done in the past. I cannot get explicit, but another example is what IBM is telling many of their sutomers. Are we Year 2000 compliant. Shrug shoulders, gee whiz, you mean we put it in? It aint'a my job. FLUOR is not addressing problem because they have too much financial, and business exposure, IMO. It worked when you drove it out of here, now it doesn't, evidently you didn't read the instruction manual, warranty period just expired, oh darn!

Take it one step further, why did Mr Owen leave company if that was not the case?

JDN Reply #6044
Now FLUOR knows TPRO and knows what they are capable of. Considering that KEN OWENS previously of FLUOR was directly involved in this area, I have no reason to believe that FLUOR is not confident of TPRO's ability (otherwise why would Ken jump ship to a much smaller co-yes I heard the stated reason-all I am saying is he obviously has
confidence in TPRO so FLUOR must also) thus it is likely they will still get references from FLUOR. The good news is it doesnt seem to matter anyhow. TPRO ALREADY has so much business real and potential that they will be hard pressed to handle it all.

Hardrocker Reply #6008
There may be many underlying reasons why Fluor decided not to get too agressive with Y2K work, and the way this was presented on the conference call was one more example of smart TPRO management, IMHO. The wording was completely tactful and unoffensive. Fluor may still prove to be a good "friend" to have waiting in the wings, so no need to burn bridges.

But I think your comment regarding slowness may have been a key variable. Big corporations typically move slowly with virtually every major decision .................... study/analyze/forecast/budget/up the organizational hierarchy/questions/down the org'l hierarchy, then do it all over again, until the window of opportunity may have disappeared. TPRO has proven their ability to be nimble through this entire exercise, at each bend in the road. I'm not sure that a company as big as Fluor could run at this pace.

Clayleas Reply #6007
According to Jenkins, it really doesn't matter whether or not Fluor recommends clients to TPRO. He said that they originally looked at the Fluor alliance as a way of getting new business, but they now see that they are getting the business anyway without Fluor.

Where this discussion first started:
techstocks.com

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