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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: halfscot who wrote (12475)	12/29/1997 2:52:00 PM
From: tekgk	Read Replies (2) \| Respond to of 18056

Halfscot, It's not that I don't think that there is no money to made solving y2k problems, it's the hype associated with most of the recent small entrants selling at insane valuations. I am a significant shareholder of two small companies that earn part of their revenues in the y2k arena. We mostly rewrite legacy systems that should have been retired years ago. When the hype dies down we will still be writing new systems for various organizations. The one's that only specialize in fixing old systems have no real future. Another fact to consider is the fact that most of the real projects go to the big players like IBM. In short, real companies with real talent and a real future are fine to invest in. The hype junk is also fine for day traders who can watch the ticker all day long and who trade on the long and short side. Everyone else is going to get burned. Most of these hype players are nothing more than body shops with no real IPR that will dissolve as quickly as they were formed.