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

To: Done, gone. who wrote (7759)	11/12/1997 6:00:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 13949

Re: Y2K Case Studies I'm here in San Fran with a bunch of programmers/managers for the major insurance companies. Of course I ask everyone I see about what they are doing for Y2K! These stories come from people working at those companies. Case Study #1: Chubb They started their project in 1995. Being assigned to the project was treated as being assigned to Siberia; it was last on everyone's wish list. The project took 9 months to analyze before any work was done. This wasn't procrastination, this was because the problem was more difficult than anyone had anticipated. The work was done in-house (no other viable options back then)and, while mostly finished, won't be complete until sometime in the middle of next year. The project manager got so popular on the lecture tour explaining the process that he quit to do Y2K consulting full-time. His co-manager, a woman, was passed over for a promotion to fill his shoes (glass ceiling) and then also quit to take a $200K job in another Y2K related venture. Case Study #2: [A multi-billion dollar company based in the northeast] The COBOL programmers were earning really crummy salaries and treated like dirt. They would ask for a raise and be told to be happy with 2%. Suddely the Y2K demand hit and they started quitting in droves to earn double their pay or more. The company is just know realizing what hit them. - Jeff

To: Done, gone. who wrote (7759)	11/12/1997 10:48:00 AM
From: Done, gone.	Respond to of 13949

In case you didn't notice (yeah, right!): cbs.marketwatch.com Quote: "NEW YORK (CBS.MW) -- U.S. stocks opened sharply lower Wednesday morning as another round of weakness in overseas financial markets dampened market sentiment. The action came as the Federal Reserve met to discuss possible changes in short-term interest rates. ... The Fed's policy-setting Federal Open Market Committee, meeting as it does every six to eight weeks, began its discussion at 9:00 a.m. ET. A statement is expected around 2:15 p.m." So much interest have I in thy sorrow. --Shakespeare. Bounced Czech (FBN - Sentiment.)