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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (2239)	8/31/1998 5:24:00 PM
From: Peter V	Respond to of 4634

Now here is something that truly describes TAVA: unitedmedia.com Sometimes Dilbert is just too perfect.

To: Bill Wexler who wrote (2239)	8/31/1998 5:50:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 4634

Hi Bill, punch this up, and find 3 quick links of general doom>> exchange2000.com

To: Bill Wexler who wrote (2239)	8/31/1998 7:11:00 PM
From: Pink Minion	Respond to of 4634

Incorrect. The y2K fiasco is a complete hoax. the so-called "millenium bug' has been a problem since the dawn of computing. there is absolutely nothing magical about 12/31/99. It matters if a programmer uses a 2 character field to store the year. I have seen programmers and programs that have done this as recently as last month. This is an industry that has been desperate for anyone to play Dilbert. there will be no "cascading failure scenarios" (consider that nearly all complex hardware/software systems are rife with bugs and real-world limitations such as memory limits, etc. Yet the world has not come to an end). When a company's manufacturing systems has 30 hodge podged systems all triggered by one another, I assure you there will be cascading failures. You need to understand that it is the data that causes bugs to surface. When unexpected data occurs there will be bugs. When all is said and done, the money to repair the y2k problem will not even sow up as a pimple when compared against the background of general IT/IS spftware maintenance budgets. Our company of 80,000 is currently spending 20% of it's IS budget to fix our mess. That is a mighty big pimple. I also know Glaxo- Welcome has allocated 20-25% of their budget. This is why we aren't going to get the productivity gains companies have experienced from the internet. This is EXACTLY why the "pure" Y2K plays are now nearly worthless. Again, not defending these hyped companies, but we are making the contracting firms filthy rich. Mr. B

To: Bill Wexler who wrote (2239)	8/31/1998 7:14:00 PM
From: shearson	Respond to of 4634

Interesting commentary from briefing.com today regarding Y2K stocks: "With the DOW now in deep negative returns for the year-to-date, we made a quick calculation of the Y2K stocks year-to-date. Earlier this spring, there was a clear division made in the market between system integrators and "pure" Y2K stocks. The systems integrators performed well, and the pure plays tanked. With the falling tide sinking all boats, we made a quick calculation of how the Y2K sector is being affected. Here's what it looks like. The first three are systems integrators, meaning they have other business lines of consulting and building systems; the last three are still pure Y2K plays. Stock 12/31/97 Today % Change Keane (KEA) 40 5/8 43 11/6 7.5% Info Mgmt Res (IMRS) 25 19 1/2 -22.0% Mastech (MAST) 15 7/8 20 5/8 29.9% SEEC (SEEC) 16 3/16 3 7/8 -76.1% Peritus (PTUS) 20 3/8 3 5/16 -83.7% Alydaar (ALYD) 15 3/4 7 -55.6% The market has been harsh to many stocks, but some of the system integrator stocks are still showing gains for the year-to-date. But it has been particularly hard on the pure Y2K stocks, who started showing signs of weakness long before the rest of the market. Unfortunately, at this point, if the Y2K problem really manifests itself in a big way, in six months or so, after the Russian crisis and Asian crisis, there may not be anyone who wants to buy stocks of any kind, even Y2K stocks. The current market conditions make it extremely unlikely that the pure Y2K stocks will ever rise back to their previous highs. Emotional investing, and momentum investing, both of which drove the Y2K stocks (and internet stocks) last year, are likely to be out of favor for several months to come.