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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: Sultan who wrote (10430)3/26/1998 8:17:00 AM
From: Jeffrey S. Mitchell  Read Replies (1) of 13949
 
Sultan, ask your friend in a few weeks how things are going in trying to fix their code in-house. The industry expression is "pay me now or pay me later" (gg). I suspect that most large companies that have done in-house conversions started months if not years ago. It was also at that time that they paid the Y2K tool license fees, which is why such revenues are declining.

Yes, of course outside vendors use tools. But, again, they licensed those tools a long time ago. Yes, many are paying a royalty to the tool vendor, but it seems the really big contracts are being awarded to Indian body shops and Y2K factories, as opposed to small local consulting companies using tools.

- Jeff
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