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Technology Stocks : Keane The leading y2k service provider
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To: Hawkmoon who wrote (317)1/23/1998 8:04:00 AM
From: tech  Read Replies (1) of 1316
 
Ron,

you bring up some valid points regarding staffing, but KEA is by far the top Y2K play there is.

I feel that the staffing issue is a big deal, not just for KEAN, but the industry as a whole. We are talking about an inelastic supply curve. No matter how much money companies try to throw around to get staff, it will NOT increase the supply, it will just make the existing supply more expensive.

The real problem is going to be for companies who are trying to, or have already started in-house projects. I feel that once the flood gates open and the bulk of the work comes in, these companies are going to see their Y2k compliance costs go through the roof. Most of it will be a direct result of increased staffing costs.

This is one reason I have invested in some of the Automated Conversion Houses. I feel that once the bulk of the work comes in, companies such as KEA and companies using toolsets to do in-house projects will have to use these conversion houses, due to the fact that they won't be able to find the resources.

I currently hold approx. 3,000 shares of KEA and I feel that they will report way better than expected. I also think that they will, eventually, have to turn some conversion projects over to the "conversion houses" to deal with the lack of available resources.

We haven't even seen the bulk of the work come in yet. Once the flood gates open (IMO. Q2 to Q3 of 1998) we will start to see the true magnitude of the staffing problems and of the y2k problem in general.
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