<<<Y2K is a serious but not critical problem.>>>
<<The Big Story on Y2K was the hope that some small company would come up with the Y2K silver bullet and make a killing. That hasn't happened.>>>
Eric,
Given the inherent contradiction in your comments from above, I would suspect it is you who may be stuck in a perpetual R.E.M. state.
If Y2K is only "serious", then why are were so many people desperately hoping to find a "silver-bullet".
And given that some of the most respected Information Systems experts are grievously worried that most systems won't be ready and that the available labor pool of programmers is dimishing, I would recommend that you do a little more research. Try reading Ed Yourdon's work, especially his most recent article in ComputerWorld. The guy has written some 27 different books on Information Systems and he seems quite possible we're heading for trouble.
But then if our Y2K problem is serious to you, then Asia's problem must be merely "minor".... :0)
What kind of impact would decoupling the financial transaction systems between Asia and the US have?? Do you know they are developing contingency plans as this necessity becomes more likely towards 1999???
Do you want to stand in the way of any company that is involved in what will be a $14-30 Billion market in Y2K consulting alone??? I don't think so. Obviously, you haven't researched the Y2K issue sufficiently if you aren't aware of the lethargy that potential customer's have shown toward developing coherent Y2K projects. It seems many of them think they can do it inhouse without outside support.
Apparently Merck came to realize they needed to bring on some specialized support. How long do you think it will take until the panic starts to set in?? Any Y2K company will look like a better investment than any of the Big Caps who will be spending the money to fix their problem.
But hey... no problem. You'll have to cover eventually, and that will just provide that much more upside.... :0)
Do your homework and understand why earnings were lower for last quarter and why that will translate into higher margins in the future when corporate america gets its act together and realizes they need help. It will impact every Y2K company out there, but most of the others are completely booked for Y2K remediation. It seems to me DDIM has some space available.
Btw, if Y2K was only "serious", do you think it would warrant Secretary of Commerce, Willian Daley stating it was a greater concern than the current White House crisis??? That happened Friday. Your denial merely reflects the Administration's success at spreading the fallacious belief that "its serious, but we can fix it in time". Eric, Gov't officials say that because stating it my way would cause a panic. It's called propaganda.. Eric. It is supposed to make you feel reassured and maintain you confidence in the financial systems.
It ain't gonna continue working for much longer.
Regards,
Ron
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