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Technology Stocks : 2000 Date-Change Problem: Scam, Hype, Hoax, Fraud

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To: Ruyi who wrote (777)6/5/1998 3:31:00 AM
From: Bill Wexler  Read Replies (3) of 1361
 
LOL!!! You're kidding....right?

Every day that goes by continues to prove my assertion that the Y2K hoax is nothing more that millenial apocalypse superstition wrapped in technobabble.

The so-called "Y2K problem" is trivial - and as I have pointed out many,many,many times, the cost of fixing it fades in comparison to ongoing maintenance and update expenses.

While computer technology rockets forward, it amuses me that a few illiterates insist on contemplating their navels over a computer doomsday that will never happen. No amount of testimony before congress, sensationalistic Y2K articles (which the believers love to quote over and over and over and over again rather than doing their own thinking) or long, psychotic diatribes on the Gary North web site will change the facts.

BTW, check out how my recommended Y2K short portfolio has performed over the past year. The only company on my list which has gone up - IMRS - actually announced they were GETTING OUT of the Y2K business.

I continue to be - and always have been - 100% correct about the Y2K hoax.
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