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

To: John Mansfield who wrote (1899)	5/23/1998 10:59:00 PM
From: sibe	Respond to of 9818

Slow Saturday night reading on Alydaar thread: Message 4575345

To: John Mansfield who wrote (1899)	5/24/1998 4:42:00 AM
From: John Mansfield	Read Replies (2) \| Respond to of 9818

America poaches bug busters Cory Hamasaki (on comp.software.year-2000) predicted huge rate increases more than a year ago, with lots of arguments and examples. John _________ David Parsley BRITAIN's leading millennium-bug-busters are being lured to America by leading companies with offers of free flights on Concorde every weekend and lucrative salary packages, including bonuses and share options. American firms are spending millions on ensuring they have the best brains the world can offer to tackle the year 2000 timebomb. .... ...But American companies are reducing their staff shortages at a far greater rate than their British counterparts, by raiding them for staff, offering programmers up to œ5,000 a day, and ensuring they can take Concorde flights home every weekend to see their families. Edward Yardeni, Deutsche Morgan Grenfell's New York economist, said: "America is probably going to be the top dog with all the money drawing in all the resources and leaving others to suffer. But even this is bad for the US because the problem is a global one, not one of individual countries." Yardeni, who advises Congress on the bug, pointed to Bank of America as an example of where cash is being used to lure top brains. Last week the bank said it was dedicating $350m (œ218m) to the problem, with almost a third being used for programmers' ever-increasing salaries. .... sunday-times.co.uk