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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: sibe who wrote (11074)4/19/1998 3:06:00 PM
From: R. Bond  Read Replies (2) of 13949
 
sibe,

Thanks for the post. I've just read the S.F. Examiner piece (http://www.examiner.com/)by Ms. Eisenberg -- yet another journalist who has to get something out. She has now gone into my personal Hall of Esteem along with the execs at Time Warner who decided to pull out all the stops to market Gangsta Rap. Talk about hype and specious arguments:

* Her naive comments about charlatans selling phoney goods shows a nonacquaintance with a competitive business environment where things are seldom squeaky clean. An inability to discern the legitimate Y2K companies from those less so.........or do the research required to do so.
* Never heard of embedded systems.
* Little understanding of the systemic nature of the problem -- supply chain, global financial markets.With regard to large corps. and their suppliers: >>If the risk is big enough, in fact, they may even fix all of the small partners with whom they transact.<< No mention of how such extravagance will hit corp. profits, the stock market, the economy, etc. Imagine Boeing springing for that. From what I've read, corps. will be unceremoniously dumping any who don't comply.
* My favorite quote: >>At bottom, Y2K will bring almost nothing we have not seen before: ATMs may go down for a day; credit cards may have to be hand-processed; we may have pay with cash (or barter); the stock market may plummet and close, then rise the next day.<< "plummet and close, then rise the next day"??? And since when did our usual shopping day involve bartering? Or perhaps Ms. Eisenberg is commuting in from Mongolia.
* Quote from a SanFrancisco mathematician and programmer : >>"It's not traumatic for the check-printing industry. They just deal," he said. So should we.<< See Barron's Roundtable for '98. One of Jim Rogers' shorts for the year - Harland.

This is airhead stuff.

Bond
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