IBM stock sinks on Y2K warning : LUSENET : TimeBomb 2000 (Y2000) : One Thread

"IBM stock plunged today and pulled the rest of the
stock market with it after the company issued one of
the strongest Year 2000 warnings to date"

IBM stock sinks on Y2K warning

-- spider (, October 21, 1999


Some are calling this a great buying oportunity for IBM shares.

Fools rush in........

-- hamster (, October 21, 1999.

Yes, but they still don't get it. They are talking about earnings due to Y2K IT freezes.

-- Mara (, October 21, 1999.

There's also a piece about this on CNNfn, Y2K Bruises IBM 3Q. Ironically, this is what it says on the bottom of the page: "Publication date: Dec 31, 1969."

-- (, October 21, 1999.

"They had no idea what was going to happen, and neither did anyone else," said Kimball Brown, an analyst with Dataquest.

What???? No idea? Maybe they were getting strategic planning advice from pollies in this newsgroup!


-- (, October 21, 1999.

That date on the bottom is a laugh riot. You really gotta wonder why its December 31. Wonder if this is something they are doing intentionally for testing or they just dont know their timestamps are way off.

-- hamster (, October 21, 1999.

Part of the drop may be explained by their throwing in the towel on trying to sell through physical retail outlets; gonna try to peddle on the internet only.

WE'RE DOOMED, DOOMED, I TELL YE... MICROSOFT... profits "... jumped 30% [1st quarter], helped by continued strong demand for the company's Office 2000 and other business software." (AP, 1999-10-20).

Share prices surged...

Microsucks never got 95, 97, and 98 working right, but at least some bugs fixed. And now, the same general public business idiots are shoveling even more money into Billy's pockets for a new round of non-compliant buggy software. Stupidity rules! We're doomed!

-- A (, October 21, 1999.

Well, I tried it out and it seems to work that way here too!

-- Jim (x@x.x), October 21, 1999.

In the POSIX-compliant world, the "beginning of time" or "epoch" is 00:00:00 (aka "midnight"), January 1, 1970, UCT (Universal Coordinated Time).

The rest is left as an exercise for the student...

-- Mac (sneak@lurk.hid), October 21, 1999.

Have you noticed that although Wall Street belittles Y2K, as soon as a story that they can't spin occurs, a meltdown begins? Once the supply chain and other Y2K problems become apparent, the market will drop into the abyss.

-- Mr. Adequate (, October 21, 1999.

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