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Technology Stocks : Information Architects (IARC): E-Commerce & EIP -- Ignore unavailable to you. Want to Upgrade?

To: sibe who wrote (6416)	5/25/1998 6:28:00 AM
From: CharlieBoy	Read Replies (1) \| Respond to of 10786

sibe I'll ask my techies when I'm back in the factory. What about this from The Sunday Times in the UK: >>> "May 24 1998BUSINESS NEWS America poaches bug busters - 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. A survey commissioned by The Sunday Times and compiled by Software Research, an information-technology research house, reveals that America is short of as many as 340,000 millennium programmers while Britain is between 20,000 and 30,000 short. 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. ICL, Britain's leading computer-services group, has lost two senior staff to Gartner Group, its American rival. Richard Coppel, chief executive of Prove It 2000, returned from America last week and was horrified by what he discovered. "While America appears to be behind the UK in making people aware of the problem they are beginning to use their financial muscle to catch up and poach our best programmers," he said. "We are on the verge of another brain-drain of Britain's greatest minds." Mark Taylor, Microsoft's director of consulting, said: "The days of using sticks to make programmers work are over. Firms have to use carrots and offer the sort of terms and conditions that are seeing dramatic increases in salaries, bonuses and share options." <<< What did say ""We are on the verge of another brain-drain of Britain's greatest minds." Looks like you might be getting Delbert back...... CharlieBoy