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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: Cheeky Kid who wrote (1738)	5/9/1998 6:24:00 PM
From: Caroline	Read Replies (1) \| Respond to of 9818

small cap "legacy," not large cap "Legacy." An adjective describing the age of old software systems, not a company name. And the answer is, the world runs on billions of lines of COBOL code, and all of it is "legacy." It's all old, and there are no shrink wrapped products to take its place.

To: Cheeky Kid who wrote (1738)	5/12/1998 12:45:00 AM
From: David Eddy	Respond to of 9818

Sire - I admit I know nothing of Legacy systems, but what percentage of the market do they have? Think very large numbers. Let's see... IBM's been making tabulating machines since the early part of this century (perhaps earlier). IBM (just picking on them, there used to be the BUNCH) is about $70 billion in revenues these days I believe. MightySoft is doing about $11 billion & came onto the scene in the early 80's. Look at it another way... there are far LOT more desktop systems doing time as paperweights than mainframes. Another way of looking at things... which is more significant to the economic well being of the nation? A unit train headed eastward from the Wyoming coal fields or a truck load of psychdelic roller blades? And which is going to have more popular press coverage. Point being... just because some magazine is yelling about WinTel magic is not to say such products are actually DOING anything useful. - David