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

To: Pete who wrote (10391)	3/25/1998 9:38:00 AM
From: Jeffrey S. Mitchell	Read Replies (5) \| Respond to of 13949

Are tool companies dead? I just had a discussion with someone who had a long talk with a well-know Y2K guru/author/speaker etc. He said that time is now so tight that companies are opting in droves to outsource their work. The problem with doing it in-house has always been a logistical nightmare. You had to appoint a Y2K project leader, assemble a group of programmers, assess the problem, buy the proper tools, learn the tools, remediate the code, and then test it. Worse yet, in order to get the necessary programmers you have to pull them off whatever projects they are on, or simply postpone projects that were in the pipeline. And, believe me, programmers view working on Y2K as being relocated to Siberia. This could explain the very recent weakness in the tool vendors. This would include Y2K only vendors such as PTUS, SEEC and IAIC. The prevailing wisdom now is that the Y2K factories will take center stage. Of course the body shops will still get work, but as their turn-around time is much longer than factories, and as they are largely limited by manpower, they are not expected to grow at the same rate they have been recently. - Jeff