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Technology Stocks : Discuss Year 2000 Issues

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To: Skeptic who wrote (528)	11/25/1997 9:52:00 PM
From: David Eddy	Read Replies (2) of 9818

Skeptic - I didn't intend to debate you personally. I'd like to hear where others stand on the inevitability of Armageddon on 1/1/2000. Let's get something straight here... it's largely the over excited press that seems to jump to the conclusion that we're staring down the Armageddon gun-barrel. As part of my "learning to deal with the press" education, it's been explained... "if it bleads, it leads"... Or in other words... Pearl Harbor was news on December 7th, but not on the 6th. Life on earth is not repeat not going to end on 1/1/00. Crossing the line itself will be a relative non-event since we'll have had plenty of warning by then which systems need to be off-line What's going to happen (my guess, since even my crystal ball is a tad cloudy two years out <g>) is that the normal pace of our economic activities will sloooooow down. Where & to what extent remains to be seen. Do not read me wrong... I've been at Y2K full time for 37 months now (9 years if you count my intimate knowledge of the software maintenace habits of the Fortune 1000)... and we're still firmly stuck in the awareness phase. Serious butt-in-the-chair work has yet to begin in many, many organizations. Factor in the winds of fashion: CASE tools, client/server, "the mainframe is dead!"; BPR (business process re-engineering), mergers, etc. & you have a lot of seriously stunned IT departments. A recent editorial in ComputerWorld by Paul Strassmann pointed out that CIOs are turning over at a 40% annual rate!!!!! Finally... lots & lots of people believe: (1) Y2K's a scam by vendors/consultants or (2) Bill Gates will fix it since the world runs on PCs. - David

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