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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: William J. Cook, Jr. who wrote (1473)10/30/1996 2:02:00 PM
From: Robert Lawkins   of 13949
 
I know that this is a key question.

I have read and re-read your response and I do not understand it. I grasp the general concept that a job well done may attract additional bussiness but does it apply here? From what I have read about the nature of the problem, the fact that much of the code is in archiac languages and there is a severe lack of talent qualified to rework it makes it a very labor intensive "solution" that most companies will go to these providers to have remedied. This sounds more like a temporary employment agency for a very specific problem. Is it going to make these companies 21st century powerhouses? I doubt it. I might equate this problem to a tree falling on my house during a big storm. I have to get the tree off, call a company to do it, and get on with my life. Do I become so enamored with the company that I (and others with trees on their houses) call them for other projects and it makes their revenue grow at 20% or more? I doubt it.

I am not being critical. Can you better explain what you wrote here or use some concrete examples of what you expect might evolve:

"Organizations that are successful will inherit what I call, "The second wave." This wave is a re-engineering of stabilized systems to garnish the second return on investment in legacy systems. It is the information contained in these systems that is so valuable, not the process. The point of Y2K projects is to protect the data from a corrupt process so as not to corrupt the "INFORMATION" which is contained in the context of the data."

Specifically, what is a "legacy system"? What valuable "information" is contained in the systems? Three years is an awfully short time to figure out what they are going to do for an encore and if you think clients are just going to throw money at them for fixing the Y2K problem, you're mistaken.
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