Y2k Denial on SI Message Board

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Technology Stocks : Y2k Denial on SI

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To: John Mansfield who wrote (108)	8/9/1998 2:14:00 PM
From: Kevin Michael	Read Replies (2) of 151

Just because a Y2k portfolio is not performing does not mean that the year 2000 is not a big thing! At one point though a Y2k portfolio was great to have until earnings disappointments occurred probably due to too many competitors and not enough businesses were fixing their systems. I am not recommending anyone to buy TAVA, but do you honestly think they would be getting all of this business if the year 2000 was a scam. Even Wall Street itself had to update its systems so that there will be a smooth transition in market trading for the year 2000. Before they spent all of this money into fixing the problem, don't you think they researched the problem themselves first? I would assume that they ran initial test and found that their systems would not be able to function properly in the year 2000. Sorry, I don't think we are looking at a billion dollar scam here other than the fact that new computer systems should have had 4 digit dates a long time ago. Just my opinion KM

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