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

To: Nanda who wrote (11269)	4/29/1998 9:40:00 AM
From: Jeffrey S. Mitchell	Read Replies (4) \| Respond to of 13949

Re: Will anybody buy Y2K tools again? Here are a few interesting Y2K stats on that subject, from a recent survey by Cap Gemini of Fortune 500 companies: 95% of the companies said they had already bought Y2K tools to fix the problem, yet only 60% had a full-fledged strategy in place. So, it doesn't seem like the tool market has much of a market remaining, unless small business is not in step with big business. A surprising fact was that outsourcing plans decreased from 87% to 66% over the last year. Since the speaker's interpretation was that companies realize they don't have time to outsource, I am presuming they mean from the assessment side of things where a company like Keane comes in to draw up a big plan. In other words, I think this statistic will actually be positive news to the factory remediation vendors who will probably get the work-- again, to save time. In fact, another statistic was that 80% of the programmers surveyed said Y2K work was boring (i.e. gave it 1 or 2 points out of 5). Even worse, Cap Gemini found that even the best programmers working on familiar code have an error rate of 15%. I also asked if any studies had been done on the code coming back from Indian body shops and Cap Gemini determined that, again, a 15% error rate-- and, it took 2-3 cycles (code going from vendor to company) before all the problems were resolved. Considering they also found 50% of companies do not plan to test their code because they don't have time, and considering that 37% of companies have already had a Y2K related failure, I think we're all in a bit of trouble in the near term. :=0 Press release: usa.capgemini.com Note: I requested a full copy of the survey. If I see it posted on the web I will link to it. Otherwise, when I get my copy I will see if I can further elaborate on my notes. - Jeff