Interesting to hear him say this...greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
It's interesting to hear the President of ITAA say the following:
More than a third of companies recently surveyed by the Information Technology Association of America reported having already experienced some kind of Year 2000 problem. "Frankly, a lot of this stuff has not been made public," said ITAA President Harris Miller. "Most companies have not released this information because they're not interested necessarily in telling people they had problems."
full story on http://chicagotribune.com/version1/article/0,1575,ART-22577,00.html
-- Mr. Kennedy (y2kPCfixes@MotivatedSeller.com), January 31, 1999
Would you as a stock holder in one of those companies keep your money in their stocks if you knew they were in trouble? When it comes to losing money and consumer confidence, who wouldn't lie to save their butt? When someone tells me all is well, I wonder why they are telling me that? Being the suspect person that I am, I go and find out why.
-- bardou (firstname.lastname@example.org), January 31, 1999.
If you'd only buy stock in a company that never had any computer problems, you'd have a long search.
The fact that by now most companies (89% according to a recent survey) have experienced y2k problems and have been able to sweep these under the rug can be considered a little promising. We can only hope that most such bugs can be swept under the rug forever, but don't hold our breath.
-- Flint (email@example.com), January 31, 1999.
Also interesting to hear the CEO of Microsoft say that Y2K fears are overdone, today at the World Economic Forum:
I'm so amazed.....
-- Lisa (firstname.lastname@example.org), February 01, 1999.
Well of course companies dont advertise their problems; they only tout the good stuff. But when the number of problems reach a certain threshold, then we know because theyll file chapter 11. Just because a company has encountered Y2K problems doesnt necessarily force them into bankruptcy. Hopefully, theyll be able to find fixes and workarounds to resolve these problems. As Andy puts it the $64,000 question. What is the Y2K threshold? The answer is anybodys guess. And your answer inversely correlates to your opinion on the 1- 10 scale.
-- Maria (email@example.com), February 01, 1999.