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Technology Stocks : Discuss Year 2000 Issues

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To: John Mansfield who wrote (706)12/14/1997 11:45:00 AM
From: John Mansfield  Read Replies (1) of 9818
 
'Microsoft proudly presents the VISUAL BASIC Date Remediation AddOn 1.0'

(From the Intuit thread; removed stock specific parts).

The lack of awareness will change the coming months for many reasons, some of them that comes to my mind right now are:

- Possible mayor accidents during testing, that can not be kept out of the press (purely my conjectures).

- SEC forces many banks into the open regarding Y2K. They will close down the first bank that will not be ready on 1/1/2000 within several months (IMHO).

- It will be increasingly dangerous for a company raising funds (IPO's, secondary offerings etc) and not mentioning in detail their remediation status (see other posting Y2K-LEGAL from the EC site). So we will see lots of public announcements about y2K status (whether they are to the point is another question; the point is that this also will raise awareness).

- Other regulators will do the same (e.g. Health and Safety).

- On new year 1997/1998 many many CEO's etc will think of the new year in 2 years ('Hell, I have to get that CIO at my desk every week in the new year').

- Awareness is growing exponentially (see e.g. the 'mother of all Y2K sites with statistics; access rates doubles every 5 weeks; this is just one of the indicators). This is a 'snow-ball' effect. Above some tresshold in a particular community, people start to pay attention and start to worry.

- Increasingly, CEO's of IT-vendors will change their minds: this is not a 2-years market; but a market of 3-4 years. Also, they will see that all services not directly or indirectly helping to solve the problem will simply disappear for several years. They will change their strategy, marketing etc accordingly

Think of announcements such as (purely conjecture, but there you go):
('Microsoft proudly presents the VISUAL BASIC Date Remediation AddOn 1.0 - the Fastest Way to Make your Visual Basic Programs Y2K compliant'. It works for VB 3.0, 4.0 and 5.0).

Just my 2 cents;-)

Regards,

John
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