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Technology Stocks : 2000 Date-Change Problem: Scam, Hype, Hoax, Fraud
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To: David Eddy who wrote (459)2/13/1998 12:28:00 AM
From: Bill Wexler  Read Replies (2) of 1361
 
Don't believe every estimate you hear. Wait for the checks to clear.

I remember hearing the initial estimates for money to be spent on superfund cleanup sites, the RTC S&L bailouts, etc. I remember back during the 70's oil crisis the projections for total global depletion of all petroleum within 2 decades..... etc. etc. etc.

The great unwashed loves to worry about a crisis. they especially love it if it gives them the sense that they are in on some sort of super-technical know-how. That they know better than those darn ivory tower eggheads. The Y2K fraud fits the bill perfectly.

Why does the huge software/hardware/communications infrastructure keep rolling forward....growing...innovating DESPITE this pseudo-crisis? Doesn't it seem odd to you that this issue is considered - at most - a nuisance by most of the industry. Haven't you noticed that this issue has become completely irrelevant in modern hardware and software - and that most "remediation" efforts of legacy code is progressing nicely - and at far lower cost than anticipated?

I pointed out on Roger's short thread that the latest earnings report from IMRS - a Y2K darling - showed flat sequential growth.

I think we've hit the apex of this scam.
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