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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?


To: CalculatedRisk who wrote (7640)11/7/1997 12:56:00 PM
From: Jeffrey S. Mitchell  Read Replies (1) | Respond to of 13949
 
You might try calling your friend in several months and ask how things are going. You also might ask about the attrition rate among the Y2K programmers during the intervening months.

Really it comes down to this: I believe the people responsible for resolving this problem will succeed. Investors in Y2K believe these people are stupid.

No, I think that if all of us wanted to paint our houses inside and out we could do it, but why bother when a) it takes away from more important and exciting things we want to accomplish in life and b) time is money and a specialist can do it much better and much faster.

- Jeff

P.S. Please do me a favor and ask your friend what his outsourcing budget is (as a % of IT expense) and, if it is substantial, why he chose not to do those projects in-house.