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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: JDN who wrote (12593)8/5/1998 9:49:00 AM
From: BigJake  Read Replies (1) of 13949
 
Three observation that I believe agree with you:

1) It has been observed in general by Gartner and others that companies are still slow to engage in Year 2000 work. Wall Street has chosen to interpret this as the Y2K revenue predictions are not going to really pan out for these Y2K companies. I think they will, just later then generally thought.
2) Year 2000 work won't stop on January 1, 2000. Companies are behind and repair work will continue well after 2000. Predictions are as long as 2003.
3) "Tool Time" is going to make a come back, in particular as the panic builds around repairing mission critical systems against the time remaining.

Today's prices of Y2K stocks are another buying opportunity. I recognize that is hard to accept when the DOW tanks almost 300 points and the Y2K sector is so pounded. However, what other stocks have so certain a source of continued revenue growth over the next 2 years? Even if the whole world economy goes down, Y2K repair work still has to be accomplished.
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