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

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To: Contra Guy who wrote (944)12/12/1998 11:44:00 PM
From: David Eddy  Read Replies (1) of 1361
 
Ben -

Back to Bill. To my knowledge, he was the first person without a computing background who was able to perceive that the public (and investors) were misunderstanding the very nature of the Y2K bug. He correctly identified it as a fairly typical software maintenance problem.

Interesting.

In my attempts (all failed) to engage Mr Wexler in what his beliefs are, he led me to believe that he was experienced in software.

From one tiny angle, yes, dealing with software boundary issues like Y2K are "typical." What's definitely NOT typical is the size, scope and DEADLINE for Y2K. Software maintenance is the bottom of the pits with it comes to the software profession. No one goes into software WANTING to be a maintenance programmer.

Here's a baseline for you...I happen to know a smallish company (US$1billion in revenues) that I consider to be the best of the best in maintaining their software portfolio. They've had the same team for 20 years. They have standards, team morale, repeatable process...everything that the other 99.9% of firms just can't touch.

Since late 1996 they've been putting 30% of their development resources into their Y2K effort. That's 30% of available resources for one of the best run shops in the country. Tightly run consultancies such as EDS, IBM Global Services & others are complete bumbling idiots compared to these folks. [Ask privately for a published paper on them, if you wish.]

You extrapolate from there.

Note - I have no quibble with the FACT that the stock promotion of Y2K got way out of hand. To the best of my knowledge Wexler never admited to Y2K as a software management issue and as a stock bubble were seperate issues.

- David
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