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

To: Jeffrey S. Mitchell who wrote (11552)	5/14/1998 9:23:00 AM
From: Mr Logic	Read Replies (1) \| Respond to of 13949

Jeff, >>why the floodgates have not opened for Y2K << There is another explanation IMO. Companies announce $x million for Y2K. There results can then include a reference to this or even actual accounting as 'non-recurring' expenditure, which seems to be forgiveable in today's market. Where are all the $millions going? Well, they can pay for the new ERP system as Y2K fix, and/or upgrade to millenium compliant version of existing software. Maybe throw out some old DEC boxes and put in some shiny NT servers with a cheap package that does 10x what their old bespoke coded did. All the consulting and internal costs are 'y2k' costs and not a penny has hit what we think of as 'y2k' vendors at this stage. Obviously they can use outside consultants and tools to fix Y2K stuff too, and that's the share these companies see. Y2K fixing has been ongoing for a long time. IMO the floodgates are already open, but the flood isn't so big for these companies. Patrick.