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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration -- Ignore unavailable to you. Want to Upgrade?


To: Mike P. who wrote (9478)12/2/1998 12:09:00 PM
From: Pierre Mondieu  Read Replies (1) | Respond to of 10903
 
Poet--no need to debate the reality of Y2k, you'll believe what you need to...but check out Chevron's most recent 10-q, in particular their Year 2000 section.

If that piques your interest, try gao.gov to see Y2k assessments of this Congressional watchdog group.

Your "invisible hand of the free market" argument usually holds true, especially when it is in the best interests of those to address an issue.

In the case of Y2k (and other things, like pollution), it does not work, since those in power to address it are concerned first and foremost with next quarter's earnings. In situations like these, unfortunately strong government leadership is required, and this has (and remains) absent.



To: Mike P. who wrote (9478)12/2/1998 7:07:00 PM
From: JOHN IACOVACCI  Respond to of 10903
 
Not true. Y2K is an event that is costing hundreds of billions
to repair. This is real money that has been and will continue to
be spent. Y2K stocks are another story. Not everyone is capable of
creating and running publicly owned companies and many of these
Y2K CEO's failed.

I'm no longer convinced that this sector will heat up simply because
Wall Street wants post Y2K plans and not decreasing revenues. I do
beleive that many smaller firms will discover the Y2K bug bite first
hand due to their reluctance to fix their systems. Hopefully, TPII
can make some money any roll it into groupware business.

P.S. Anyone know why the stock stopped diving and has remained
steady in .40's range. This is the first time in a while that I can
remember that the stock price has held steady. Maybe someone or some
group was told to cut the crap? Just guessing.