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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: Nanda who wrote (11449)5/8/1998 1:37:00 PM
From: paul e thomas  Read Replies (2) of 13949
 
Nanda, I did feret out some information I believe provides a partial explanation of the rather broad based decline in Y2K stock prices. At a recent NYC investor conference one of the speakers from A company listed on the BB stated that in his view that remediation services being provided by a number of companies was not capable of remediating more than 85% of the code in need of repair. This speaker had an axe to grind by inferring problems would be piling up firms using the services of companies like IMRS.I will not give out the name of the firm who made this accusation.In any event let's hope the worst is over. I bought 20 August 30 calls @ 3 1/4 when IMRS was at 26 3/4. I now have almost 18,000 shares being bet on an upturn in IMRS.
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