To: Hawkmoon who wrote (34984 ) 12/6/1998 1:17:00 AM From: Daniel Joo Read Replies (1) | Respond to of 94695
Ron, I'd like to hear where your sources get their information. I used to work for IBM as a consultant implementing solutions that addressed some major corporations' Y2K problems. Now I run my own company helping companies do the same. Our client list runs from the $50 million in revenues to S&P 500 corporations with major divisions abroad. My company will face serious challenges generating the same growth as in the past. Our assessment is that most companies primarily focused on fixing older systems to address Y2K problems will either die or merge after the first half of 2000. Those that remain independent will be the exception to the rule. Those companies that may succeed are those companies that help companies implement new generation solutions (SAP, PeopleSoft, Manugistics, etc.) that just happen to address Y2K problems. It's our opinion that companies that temporarily fixed their Y2K problems by patching their old systems will have to move to real-time front office, back office, shop floor, etc. solutions to remain competitive. There are hundreds if not thousands of companies like ourselves around the world vying for the business of fixing Y2K problems. Competition is intense. Again, Asia outside of Japan may be a problem. However, their combined economies are half the size of Japan's. Major U.S. companies will audit all their major Asian suppliers. And remember, most newer systems are Y2K compliant. These are relatively new economies. Y2K doom scenarios are overblown. Executives will do everything to avoid losing their jobs, lawsuits, and/or jail time. Anyone notice that a lot of people getting quoted about Y2K problems are involved in fixing these Y2K problems - a little self serving maybe? Obviously, I won't be investing in Y2K companies because of uncertain revenues post 2000.