Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Chuck Hekman who wrote (9032)	11/29/1998 9:14:00 PM
From: Jeffrey S. Mitchell	Respond to of 10786

Re: 60 Min, ALYD, and Cap Gemini About Cap Gemini : The Cap Gemini Group (CAPP.PA) combines the forces of Cap Gemini with Gemini Consulting to form one of the largest management consulting and systems integration companies in the world. Designing and delivering strategic change through ideas, people and technology, the Group provides implementation-focused business consultancy services and systems design, integration, and implementation. Founded in 1967, the Group currently employs over 35 000 people worldwide in Europe, the USA and the Far East, and reported 1997 revenues of $3.4 billion. I've personally met and spoken to James Woodward of Cap Gemini. He's one of those guys who makes the rounds at Y2K conferences presenting data from Cap Gemini's ongoing Y2K survey. It's about as good a survey as any out there. Jim sent me a copy and I posted it on SI a few months ago: #reply-4811734 Of course anyone who has been following the Y2K sector knows and respects Ed Yardeni. Should be interesting to see if he gets an even higher profile now. If so, he's incredibly intelligent and articulate and influential in the investing community. As for the guy in his cabin, I think it brought home the point of how serious he thought the problem was without making him look loony. I kept expecting 60 Minutes to cut to some guy laughing and joking about "those crazy chicken little types" and breathed a big sigh of relief when they did not. I should reiterate that when 60 Minutes was poking around it late August (or thereabouts) that it was the management of ALYD that made the effort to track down the proper person at the show and get them to pay a visit. In fact, the segment producer spent the entire day there and was given the grand tour of the place. 60 Minutes called back several times seeking more information which eventually led to Steve Kroft being scheduled to visit. Had 60 Minutes went with some other similar sized Y2K company to ALYD I might have been upset, but certainly Jim Woodward is high profile and Cap Gemini is much better known in the corporate world than ALYD, so so be it. I think 60 Minutes has finally brought Y2K out of the closet. I anticipate a great many CEOs calling in their CIOs to ask about Y2K tomorrow. I'm also really curious to know if ALYD's call volume increases tomorrow as talk is cheap. But, regardless, I think to a great many people the Y2K "crisis" began today. In other words, rightly or wrongly, there will be a great many people anticipating money will be spent as opposed to many of us that are wondering why money was not spent. Should be interesting to see which companies benefit tomorrow. But if Letterman and Leno start joking with Y2K and not at it, back up the truck! - Jeff