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Technology Stocks : Information Architects (IARC): E-Commerce & EIP -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Mitchell who wrote (5982)	4/30/1998 9:39:00 AM
From: SOROS	Read Replies (1) \| Respond to of 10786

Dear Jeffrey, All of the Y2K company's share price problems revolve around one thing -- this market has made people think they should be making 30% on their money each WEEK! YHOO has a PE of something like 950. Companies are in a quiet panic internally over Y2K, but they CANNOT let this come through. They are not announcing the cutbacks and losses they will be taking in other areas in order to correct this problem at some point. It is human nature to put off something so unpleasant until you simply have no choice. The Y2K companies are ready to correct code in massive amounts. It hasn't been submitted in mass volume yet. Many of the companies submitting small amounts of code are keeping quiet STILL about it. At some point this year, the lid on this thing will break. Then there won't be enough body shops, factories, tool vendors, or anything. ALL Y2K companies that aren't just fraud will profit immensely. It will be the "Beanie Baby" craze of 1998 and 1999 in the Y2K industry. If you can't find one at Nieman Marcus, you'll even go to Wal-Mart or EVEN a garage sale to get one. You must have one. If you don't, you are toast! People are so short-sighted focusing on sequential growth from last quarter. It will be 50%, 100%, 75%, etc., and then when the panic hits -- real panic will be when we see nightly reports of companies warning about not just losing profits, but going out of business, and THIS WILL BE REPORTED SOON BY THE MEDIA -- then we will see prices rocket and increases go 1000%, 2000%, 5000%. There will be hundreds of BILLIONS spent. There are only so many companies in TOTAL. At some point, the early investors will be richly rewarded when this huge change of wealth takes place. I remain, SOROS