Discuss Year 2000 Issues Message Board

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Technology Stocks : Discuss Year 2000 Issues

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To: Bill Ounce who wrote (844)	1/8/1998 5:37:00 PM
From: Bill Ounce	Read Replies (1) of 9818

Spending to fix millennuim bug eats into revenues news.com What was supposed to be a profit bonanza for technology companies is instead turning into a major revenue drain. The Year 2000 problem, also known as the millennium bug, threatens to derail the revenues of technology providers in the coming year, company executives and Wall Street analysts warn. Big corporations are diverting crucial budget resources to hire additional personnel needed to fix the problem, leaving fewer dollars available for new technology purchases. Wall Street analysts say the first effects of a Year 2000-related revenue slowdown are just now being felt--and it will get only worse throughout 1998. "Of all the factors in the marketplace, Year 2000 issues are much more real than investors realize. They are treating this as a non-issue, and it really is an issue," said Bob Austrian, an analyst with NationsBanc Montgomery Securities [...]

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