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

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To: Cheeky Kid who wrote (1207)3/19/1999 2:47:00 AM
From: Contra Guy  Read Replies (1) of 1361
 
Follow up: "Lee Commission: County won't pay bill for Y2K advice"
naplesnews.com

One of the questions that gets asked from time to time on this thread is, how can the Y2K computer problem be both "real" and a "hoax". This story illustrates this dichotomy very succinctly. A small team of competent software professionals fix a maintenance issue in a large system in 4 months at a cost of $700,000. That's reality.

A group of consultants estimate the same job will cost $14 million dollars, and an "expert" earning $590/hour thinks it's a fair deal. Scam, Hype, Hoax, Fraud … yup, that sounds about right.

The sad part is this type of gouging is all too prevalent, and heroes like Ken Wilkinson, are all too rare.
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