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

To: JJMM who wrote (12578)	8/4/1998 1:36:00 PM
From: JDN	Respond to of 13949

I saw it but I didnt get the impression it fixed anything. Seemed like it overlaid certain programs and it doesnt come CHEAP. JDN

To: JJMM who wrote (12578)	8/4/1998 2:12:00 PM
From: TEDennis	Read Replies (1) \| Respond to of 13949

JJMM: Re: ORCL "fix" for Y2K ... Here's the announcement: biz.yahoo.com It states "Oracle is offering FastForward Financials Y2K, a fixed-price solution that includes financial accounting software, consulting, education and support" This is NOT a fix for clients' existing code. This requires an entire reimplementation of an accounting system. There would have to be a transfer of all existing data to the new system, plus training of all end users. This approach will work fine for a small company with just a few users of their accounting system, assuming the client wants to uproot an existing vendor relationship and start one with Oracle. It is particularly effective for those prospects that were already looking to replace or upgrade their accounting package. "Oracle's Y2K offering for mid-sized companies is called FastForward Financials Y2K. The offering includes software, consulting, education and support. For the fixed price of $300,000 the solution includes the Oracle Financials Release 11 suite for 25 users, comprised of Oracle General Ledger, Oracle Payables, Oracle Assets, Oracle Purchasing and Oracle Receivables." As you can tell from the above blurb, it is NOT an inexpensive solution, and the price does NOT take into account the disruption to ongoing accounting activities, retraining, etc. I would expect that there are only a limited number of engagements that Oracle could pursue because of the requirement for Oracle consultants to be onsite with the customer doing the conversion and training activities. Regards, TED