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

To: DD™ who wrote (9632)	2/23/1998 11:07:00 PM
From: Mr. Proofsheet	Read Replies (2) \| Respond to of 13949

As someone who's directly involved in Y2K I can say that the issue is not hype or scam but a real issue basically because of the immensity of it. Searching for date routines is no big deal but managing it is another thing. I am seeing first hand the mismanagement of this undertaking. With my company scouring the world for able bodies even when we find them they sit for weeks until a more senior person has time to go over the specs. IMHO, with all these Y2K companies my concern when it comes to investment purposes is that no CIO wants to be the one to fail and as long as he has the budget he will go the proven companies (CA ,Arthur Anderson etc.) He then can go back to the Board of Dir. with a nice spreadsheet and show a very professional looking task list from the best. Inherently these large projects never go well anyway and with top mgmt looking so closely why would the CIO take a chance with Company ABC with their tool instead of CA with their tool inferior as it might be. Remember Visual Basic or Delphi by Borland. With this in mind any thoughts about which are the best of the best.

To: DD™ who wrote (9632)	2/24/1998 3:29:00 PM
From: paul e thomas	Read Replies (2) \| Respond to of 13949

COMMENTS ON BUSINESS WEEK ARTICLE I worked very closely with the Economic Forecasting firm that did the analysis of the effect of the Year 2000 problem on the USA economy. The story led to a very important conclusion to me in view of my previously stated strategy of holding my Y2K shares long enough to qualify for the long term capital gains rate or at least for the 28% rate for a 12 month holding period. The main conclusion I draw is that there will not be a recession until the year 2000 begins. The Business WEEK study examined the effects of the cost of compliance on the REAL GNP, productivity, and the inflation rate. While all effects are large in a macro-economic sense they are not sufficient to offset other positive economic forces. This study did not attempt to quantify the economic impact of the actual economic consequences of a disruption in output due to a 1/1/00 widespread failure of computer systems. I don't know when the stock market might drop due to fear of 1/1/00 adverse effects.My guess is that the fear will start to escalate right after the September 1999 earnings are published.I feel more comfortable after reading the story than I did before that I may be able to hold my stocks to mid August 1999. I also sense that once the media starts to play up the potential crisis that fear could escalate rapidly.Somewhere along the line Bill Clinton is going to shift gears from telling people that you don't have to worry at all to protecting AL Gores ass by trying to shift blame to The Republicans for not providing sufficient funds to solve the problem.This will increase consumer awareness appreciably alone.