To: DD™ who wrote (279 ) 5/21/1998 8:35:00 AM From: Ron Sirch Respond to of 1031
Double D: Wall Street has chosen to accept the rather cavalier assertions by a number of analysts that y2k companies run out of work on 1-1-2000. However, NOT ONE serious y2k analyst will agree with that thesis. (Posted this earlier this week. Thought we might hear an opposing view but no such post. The market has spoken, however, and for now it appears that the "cavalier assertions" prevail. If that view is not sustained over time, we have a great buying opportunity here, IMO. The rest of the earlier post follows.) By the way, I believe that the year 2000 may well be the busiest year for y2k work and 2001 will be the post-triage busy period. But past that period, there are trillions of dollars of IT investment that will require maintenance and upgrading. When the y2k analysts finally prevail in the media, SEEC and other leading y2k stocks will post dramatic turn-arounds, IMO. From today's IAIC release (which is worth reading in its entirety): snip << A Post-Millennium Strategy "I'm aware that one of the criticisms of companies engaged in Year 2000 products and services is that investors are dubious about the future of these companies beyond 2000," Mr. Rosenberg said. "I believe that for us, our Year 2000 work provides a jump-start to our traditional systems migration and modernization work. "Between now and the time when Year 2000 compliance business finally ends, we believe we will have worked with hundreds of companies that should be candidates for our migration and modernization services. If we do our job well over the next few years, we believe our continued growth and profitability should not be in question. This is one company which has its post-millennium strategy in place." >> snip Well said IAIC. Anyone who does not believe IAIC should sell all y2k stocks. If you believe them, as I do, I believe you only have to be patient a little bit longer for your reward. All IMHO, of course. Ron Sirch