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

To: Tech Master who wrote (7767)	11/12/1997 1:02:00 PM
From: ThirdEye	Respond to of 13949

Furthermore, skeptic, it is becoming increasingly clear that the software crisis will extend beyond 2000. There will still be plenty of work to clean up systems that could not be cleaned up before 2000. OTOH, I don't want to look back at this period and shake my head thinking I was living in a dream world. There may well be factors that cannot be taken into account now and we may have some surprises ahead as far as world markets are concerned.

To: Tech Master who wrote (7767)	11/12/1997 2:17:00 PM
From: Skeptic	Respond to of 13949

You also discount the idea that these companies will continue to provide services after 1/1/00. Not at all. I agree completely, but all this means is that business declines gradually rather than falling off a cliff. Companies with declining earnings don't get very high P/Es. There is currently a huge, but temporary, supply/demand imbalance for computer services as a result of Y2K. Demand will probably start to decline sometime before 1/1/00 and the balance will shift until there is an equally large supply surplus. The more relevant question is, how did US oil company stocks perform after the Oil Crisis in the 70's? Back then, everyone thought oil was going to $100/barrel. Everyone knows Y2K won't last forever.