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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: Jeffrey S. Mitchell who wrote (8265)12/8/1997 11:17:00 PM
From: Hardware Heister  Read Replies (1) of 13949
 
Y2K compared to World War I and II, by Bob Bemer:

bmrsoftware.com

- Jeff

(credit TPII thread for the first reference to it)


This is actually some very good reading.

A couple of my thoughts on reading this:

1.) If BMR Software were public, it would be the highest flying y2k stock of them all. Mr. Bemer is more articulate than all of the other y2k CEOs put together, and also has more credibility, in my opinion. [He's also got kind of a wacky sense of humor, always a plus in my opinion.]

2.) I've seen a number of people try to poke holes in the ideas behind his work on here, which I always find very amusing. To use a very iffy analogy: speculating on how a program may or may not work is like another author who knows a little bit of the plot of a book speculating on what happens in the individual chapters. You could be right and you could be wrong, but until we get to read the damn thing, nobody knows. And note: I don't find too many reviewers reviewing the early details on the plot of a novel. They usually wait until they can at least skim the thing.

3.) Mr. Bemer points out some of the pitfalls of other methods in his speech, at the site above. Key point: No method is foolproof, and the devil, as they say, is in the details. Or, more precisely, the devil is in how the details are handled. It is interesting to note that it appears Mr. Bemer has analyzed several of the other patents pending for y2k solutions and is actively tracking the activities.

4.) Based on his writing, I'd say this is one seriously sharp guy. I think he has some wisdom here for all of us:

But one cannot help noticing that there are some Y2K companies out there, even publicly-traded companies, that are selling nothing but best efforts, without guarantees of schedule or actual success.

[or even profits..]
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