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Technology Stocks : SEEC, Inc. (SEEC)

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To: DD™ who wrote (674)7/2/1998 2:32:00 PM
From: Larry Voyles   of 1031
 
RE: Y2K urgency.

I think you absolutely hit the nail on the head with the "competent managers" thing. As time goes on, the the more incompetent managers will start realizing that there's no magical solution and then they will have to pay dearly for their hurried remediation efforts. I don't doubt that some smaller companies will go out of business because of this.

You'd be absolutely amazed how many small- and medium-sized companies are still out there waiting for the "silver bullet" solution. They have seen the expenses associated with Y2K remediation and thrash about looking for alternatives. I work for a "major airline" and we're having to absolutely sit on certain vendors and suppliers to force their attention to Y2K issues. Our "done" date for many major systems is the end of 1998 and some vendors weren't planning on starting remediation until then. They have all year to get it done, right?

Several vendors will have their contracts cancelled if they can't meet our Y2K timelines. We have to have a guaranteed supply of those nasty salted peanuts, ya know. Plus, we don't want to keep having to go back and remediate code specific to those recalcitrant vendors when they finally get around to fixing their code. Once we're done with a major system, the majority of the Y2K code monkeys move on to the next project. There is little room for negotiation, so we're being pretty hard on those suppliers.
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