Jeff, I agree with what you are saying and would add that we are on a time continuum, the closer to 2000, the more the public interest and the increased likelihood of panic. A Y2K "incident," well covered by the press, is the most likely trigger for this.
This is coming; it is just a matter of time. We could even see a mania erupt for these stocks. The company I work for does Y2K work (along with other non-Y2K related services) and the demand for our Y2K services has really, dramatically, increased this month.
My theory is that many companies, in particular the more mid-size to smaller ones, (despite all the public posturing, PR, and carefully worded SEC filings), have in truth, deferred a significant part of this expense to the very last year, so as to take the cost hit as late as they can. With their budgets for 1999 fresh in hand, they are finally scrambling to get help. |
