2000 Date-Change Problem: Scam, Hype, Hoax, Fraud Message Board

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

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To: scott ross who wrote (907)	10/8/1998 12:20:00 PM
From: Cheeky Kid	of 1361

You said: >>>>>Y2K Consulting Services stocks have done extraordinarily well (Cap Gemini, Keane, etc.) over the past 12 to 24 months. The fact that Y2K _product_ stocks have tanked indicate -quite simply - that there is _no_ silver bullet (a disturbing portend by itself).<<<<< I take it the reason why Y2K stocks crashed is because of all the HYPE. The love affair ended for most Y2K stocks. I said in posts earlier this year, that the reason why I didn't like Y2K stocks was companies would use in-house employees to fix the problem, or replace old equipment with new technology. Why fix junk? >>>>>>Some fine intellects (e.g., Alan Greenspan, Ed Yardeni, among others) have confirmed the seriousness of the problem. I daresay their opinions should be valued far more highly than any expressed on this thread.<<<<< Experts have told people you have XYZ cancer, and the survival rate with XYZ cancer is XX years / months. Some of these people live many years longer that they were suppose to. On the other side experts have said, we have done all the tests, and they all came back negative. The patent then dies of cancer. There are experts on both sides of the Y2K issue. I have never said there was no problem, but I do feel the Y2K issue is full of massive hype. I still remember experts saying my toaster and microwave oven could fail as embedded chip in them may fail in the year 2000. They lost all their credibility with me when they spread BS like that on radio and TV interviews. I believe the media will play a role in causing panic and spreading misinformation regarding Y2K. No one can predict what will happen. I am expressing my opinion, and that seems to make the Y2K cultists angry. Everyone should read both sides of the story, then with a calm head make your own decision. This has been my humble opinion.

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