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

To: paul e thomas who wrote (11616)	5/17/1998 8:53:00 PM
From: SOROS	Read Replies (1) \| Respond to of 13949

What happened to the point that when Y2K panic sets in, this 55% will amount to about 20 years worth of earnings if they can only gear up and get it done? If it is going to take 300 billion -- 1 trillion to fix it, where is this money going to go? There are only so many Y2K companies. If someone came to IMRS and said, "we have 5 billion dollars worth of business if you can complete it by 12/31/99". Kind of like, "if you can eat this 5 pound steak, it's yours free." Some people DO take the task and some DO finish the steak. I'm counting on the quality Y2K companies figuring out a way to DO the business WHEN panic sets in and the business is finally offered -- at a premium, I might add. I remain, SOROS