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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: DD™ who wrote (9632)2/23/1998 11:07:00 PM
From: Mr. Proofsheet  Read Replies (2) of 13949
 
As someone who's directly involved in Y2K I can say that the
issue is not hype or scam but a real issue basically because
of the immensity of it. Searching for date routines is no
big deal but managing it is another thing. I am seeing first hand
the mismanagement of this undertaking.
With my company scouring the world for able bodies even
when we find them they sit for weeks until a more senior person
has time to go over the specs. IMHO, with all these Y2K companies my
concern when it comes to investment purposes is that no CIO wants
to be the one to fail and as long as he has the budget he will
go the proven companies (CA ,Arthur Anderson etc.) He then can
go back to the Board of Dir. with a nice spreadsheet and show a very
professional looking task list from the best. Inherently these
large projects never go well anyway and with top mgmt looking
so closely why would the CIO take a chance with Company ABC
with their tool instead of CA with their tool inferior as it might
be. Remember Visual Basic or Delphi by Borland. With this in mind
any thoughts about which are the best of the best.
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