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Gold/Mining/Energy : GPW Group West Systems Ltd. (Year 2000 Software Company) -- Ignore unavailable to you. Want to Upgrade?

To: george eberting who wrote (664)	5/9/1998 4:30:00 PM
From: AuldDruid	Respond to of 1443

George, You might want to follow on from there and check out gao.gov This site will negate the proposal that huge agencies with huge computing staffs and huge budgets are able to mitigate the year2000 problem in-house, without contracting out for all the help they can get. If they hadn't procrastinated, they might have been able to, but now it's too late, and many of even the largest firms and agencies will be looking for help. Large, conservative, well-established and experienced firms such as IBM will have a wealth of work with an immutable deadline, and their only option will be to farm it out to their smaller partners, or they will fail their customers. It's a backwash that even small fry like GPW will benefit from swimming in. Add that to GPW's basic business, especially with the acquisition of AASKI, and it's a very promising prospect. And, GPW's not such small fry anymore. The amalgamated group employs nearly 300 persons, from my recollection (someone else can add it up if it needs to be exact), and the coverage now spans all of Canada and the United States, as well as the Phillipines (which is a little behind us, but still taking a pro-active approach to this problem, compared to other southeast Asian countries). GPW is no VSE 'moose pasture', but how mature it is will be for this forum and the other shareholders to decide, and management to prove. I first did a careful DD on GPW to see that my investment was safe while I ignored it, but for the past 3 weeks I've been prowling through everything I could find on YR2000 problems, to check out the background for stocks hoping to benefit and expand from this crisis. I avoided listening to all the fringe radicals who support the idea of retreating to a cave with a weapon and 6 months of food, and the other fringe group of know-nothing senior managers and their sycophants, and listened only to the mean majority - and were they ever mean! This problem varies in dimensions and opinion from the costs of the US Savings and Loan crisis, to the costs of fighting WW11, and all supported by careful reasons from I/T and production managers who know what they're talking about. I'm comfortable investing in stocks like GPW, while the more conservative might prefer CGI Systems or IBM, but, right now, I'm thinking that savvy investors should be out of the rest of the market(by mid 1999) and into something secure, like cash, and held in an institution that has dealt with the problem(the Canadian banks look pretty good, with the possible exception of the Scotia, because of their overseas exposure, but the US and Japanese banks could have some real problems) After 2000, we could have a recession, followed by a revision of business patterns and thinking similar to that which we had after WWII. The work to update the computer systems, followed by the stimulus of new business systems and ideas, could lead to a new long period of sustained growth following the post2000 recession. There may develop real opportunities to take our money out of Y2K companies during 2000 and roll it over into the new economy, when the share market is generally depressed from the millenium 'bug'. Keep nimble and keep your balance, and ask for luck too. Murray