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Technology Stocks : 2000 Date-Change Problem: Scam, Hype, Hoax, Fraud -- Ignore unavailable to you. Want to Upgrade?


To: Bill Wexler who wrote (782)6/5/1998 9:47:00 AM
From: Scarecrow  Respond to of 1361
 
murphysoftware.com
Is it those pills that Murphy keeps by his side?



To: Bill Wexler who wrote (782)6/5/1998 5:58:00 PM
From: jwk  Respond to of 1361
 
Balancing your assertions with the TONS of info at this site requires
me to assign a weight to your abilities somewhat great than the mass
of the universe. Even so, at a personal level, I very much want you to
be totally correct.

cwru.edu

you said:
Every day that goes by continues to prove my assertion that the Y2K hoax is
nothing more that millenial apocalypse superstition wrapped in technobabble.
The so-called "Y2K problem" is trivial - and as I have pointed out many,many,many
times, the cost of fixing it fades in comparison to ongoing maintenance and update
expenses.
While computer technology rockets forward, it amuses me that a few illiterates insist
on contemplating their navels over a computer doomsday that will never happen.
No amount of testimony before congress, sensationalistic Y2K articles (which the
believers love to quote over and over and over and over again rather than doing
their own thinking) or long, psychotic diatribes on the Gary North web site will
change the facts.



To: Bill Wexler who wrote (782)6/6/1998 2:11:00 AM
From: Investor-ex!  Respond to of 1361
 
Bill,

Do you know WHY your Y2k shorts are successful?

All the companies you've shorted are Y2k "magic-bullet" vendors. They are failing because, even though there was some initial euphoria for these stocks, the marketplace has discovered that there is no magic-bullet for Y2k. IMO, these companies and the low acceptance of their wares is proof-positive that Y2k is a serious concern. Because there is no quick, cheap, reliable, "trivial" solution, which is what they were offering the marketplace, they've languished. I noticed you didn't short companies like IBM, Keane, or Compuware, through whom some of the actual Y2k repairs are being conducted.

IMO, it is a mistake to equate magic-bullet failures with Y2k as a myth. In fact, if Y2k was as trivial as you say, their solutions would be sufficient to the task and they'd be showing strong revenues. No, the Y2k magic-bullet vendors can and will fail independently of Y2k's veracity.

Congrats on your shorts! However, keep in mind these guys just might get hyped one more time as we approach 1/1/00.