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

To: P. Ramamoorthy who wrote (8205)	12/3/1997 10:19:00 AM
From: Jeffrey S. Mitchell	Respond to of 13949

One company is replacing all of their desktop PC's of their employees (about 30000+) next year, connected to (guess what?) Win NT server with Internet Explorer. This is the wave of the future. It's the first step to what is now being called "electronic commerce" (EC). EC is not just about buying stuff on the net (like books from Amazon.com), it's a fundamental shift in how a company, its outside sales force, subsidiaries, suppliers, etc. interact. Speaking from my expertise, the insurance industry, the single biggest impediment to change has nothing to do with cost-- it has to do with culture. Thanks to the immovable deadline called "Y2K" and the IT expenditures it mandates, companies are finally being forced to take action and many are opting to take an EC route. Yes, they'll still keep their mainframes, and, yes, they will still spend big bucks to make their core software Y2K compliant, but I predict a good chunk of mainframe code will be converted to client/server for use with EC. Y2K might well cause a financial drain on many companies short term, but, long term, the benefits from EC will revolutionize world business and cause an equal if not greater decrease in costs down the road. I suppose for every action there's an equal and opposite reaction. - Jeff