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

To: Jeffrey S. Mitchell who wrote (12976)	10/2/1998 2:43:00 AM
From: Josef Svejk	Read Replies (2) \| Respond to of 13949

Humbly report, Jeff, off the top of my head, definitely COGIF. IFN.TO also seems to be on the "breaking new ground" track. Both are being completely ignored by the market, but at least they're not tanking these days, although of the two, COGIF is holding up much better, sitting at the IPO level. Nighty night! Cheers, Svejk abitare.it

To: Jeffrey S. Mitchell who wrote (12976)	10/3/1998 3:27:00 AM
From: eabDad	Respond to of 13949

Jeff: < In other words, their answer for life after Y2K is a return to their life pre Y2K. Sorry, but if that's the case, then why shouldn't these companies return to pre Y2K price valuations?> This is exactly what I think we are seeing right now, a correction of the 50-60 PE of a high growth y2k play (KEA, CBR, MERQ, etc.) to a more reasonable 25-35 PE for the enterprise software services biz. It's happening very quickly in the general market environment. I think the valuation in y2k is over. The India body shops, IMRS and CBSI, may be holding value because of the plentiful labor pool and the ability to easily adjust to do something else. Z

To: Jeffrey S. Mitchell who wrote (12976)	10/4/1998 10:51:00 PM
From: Ruyi	Read Replies (1) \| Respond to of 13949

Jeffrey, As you are aware Merrill Lynch not long ago released a Y2K research report down playing the Y2K problem. Now it turns out, Merrill is a big loser in the LTC hedge fund crash ($2.8 billion apparently). I'm still wondering how much of that report was self-serving. Merrill, it appears, was heavily hedged with an interest to keep gold low and protect their hedged positions (contain panic). The report came out just about the same time Clinton made his first Y2K speech and other high profile Y2K news was breaking. The report appears to have had the effect of knocking Y2K stocks down creating an atmosphere of complacency in both gold and Y2K and allowing other stocks to rally. Merrill, as it later turned out, was also unwinding large equity positions (as they stated in a subsequent report) and was apparently shorting gold through LTC. Any thoughts?