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Technology Stocks : Vantive Corporation -- Ignore unavailable to you. Want to Upgrade?

To: seth thomas who wrote (1382)	12/10/1997 1:34:00 PM
From: Clam Clam	Read Replies (1) \| Respond to of 3033

re Merrill Lynch, Most industries have very reasonable Y2k pressures so in general, my opinion is that a Y2K scare is somewhat overblown. However, I have heard over and over again that, by far, the worst positioned industry relative to Y2k are financial institutions. Moreover, Merrill's biz is cyclical as evidenced by a major cutback in spending in 1994 (by nearly all Wall Street firms) when the bond market fell off a cliff and trading 'profits' were minimal so cutbacks in spending (particularly IT spending) were big. Commercial banks are considered the worst positioned subset of financial and some banks have indicated they will devote close to 100% of IT resources on Y2K problems. My point is that companies focused on financial institutions might have trouble selling software (Scopus?)..... Interestingly, most IT people are not interested in doing Y2K stuff. Talk about a boring job... fixing non-compliant code sounds ridiculously monotonous. I understand that Shege Dambanza is 100% focused on Y2k in his consulting gig so he probably has the best read on this issue. Hey Shege, way to go out on the cutting-edge.

To: seth thomas who wrote (1382)	12/10/1997 1:44:00 PM
From: Trader Dave	Respond to of 3033

The numbers I've heard are comparable - diversion of roughly 10% of IT spending diverted towards y2k. BTW I do get it, I own Vantive. However, I beleive the separation will have substantially more credibility when the gap continues over several quarters. They're only 50% bigger in revenue than scop or clfy for a single quarter and we are all well aware of chuck philips skeptical reaction to the EDS deal. I'm still not certain that this quarter is "in the bag" just that it's progressng well. Anyone hear otherwise? TD