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

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To: Narotham Reddy who wrote (10599)4/1/1998 10:41:00 PM
From: Jeffrey S. Mitchell  Read Replies (2) of 13949
 
Narotham, do you have a link to that story? Or perhaps an e-mail address for that clueless author?

If these guys were around at the advent of the automobile they'd be predicting its demise because they were a pure play, i.e. they weren't versatile enough to maneuver over dirt roads and through the woods. And they'd prove their point by showing how more people bought horses than cars when given a choice.

The fact is, companies use body shops because a) they already have existing relationships with them from past projects, b) hiring a horde of programmers is the traditional way to complete a project, c) other options were not yet mature enough to try.

I think we all intuitively know that machines are far more effective than humans if doing mundane tasks, like finding date references in computer code. So it should stand to reason that it's "when" not "if" the transition from human to machine takes place.

Lastly, everyone in the technology industry knows they must innovate or die. So, even if we could postpone the year 2000 for another few years or not, Y2K companies would be no better off than any others in the industry.

- Jeff
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