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Technology Stocks : Discuss Year 2000 Issues

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To: John Mansfield who wrote (1119)	3/10/1998 2:30:00 PM
From: John Mansfield	Read Replies (1) of 9818

Pessimist views from Germany... - 'A second similar mailing in June delivered the same results. In August, we changed our marketing policy, emphasizing more the professional Y2K-Audit than the Change-Factory issue. Even in December 1997, we experienced a return quote of less than 1% (17 out of 2,200).' - 'We found other interesting reasons. There is no culture at all in Germany to make mistakes in general.' - 't explains a lot of the hesitation or even ignorance. We often heard: "My boys will solve that Y2K Problem in 8 weekends..." or "It just can't cost that much because we don't have the money..." or "This is just a big hype for the benefit of the consultants, we don't agree with that..." ' - 'You wonder about the figures you read in the papers. British Telecom estimates, as far as I read, about 1000 million $, the German Telekom about 40 million $ for the Y2K conversion. All the figures I read about in the German press are compared to the US or British or Swedish figures underestimated by a factor of at least 10 to 50. The only high figure I heard of was the estimate of Deutsche Bank with some 300 million $.' cen.uiuc.edu

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