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Tosk

Tosk is offline

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First recorded activity by BoatBanter: Oct 2009

Posts: 672

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Told 'ja so...

In article ,
says...

On Tue, 3 Nov 2009 18:51:05 -0500, Tosk
wrote:

In article ,
says...

On Tue, 03 Nov 2009 09:36:46 -0800, jps wrote:

Y2K scam that destroyed the chip industry?

I agree, Y2K was one of the best things that happened to the computer
industry. Lots of people who only needed a little software patch,
bought a new machine.
Most of them would have been just fine if they simply rebooted their
machine in the morning and set the date.

The problem was, once everybody bought new computers at once, they
didn't need new ones for 2 1/2 to 3 years so the bubble was bound to
burst. I had one friend in the market heavy, I warned him to pull his
"bubble" stocks and he did, he was very grateful by the end of '02. Kind
of like the cash for clunkers is gonna' do or is doing to the car
industry.
The bubble had little to do with hardware. The stock bubble was
simply people betting on anything that had "dot com" in it's name.
Your Intel stock didn't get hurt at all (until the 9-11 crash) but
your "pets.com" stock went to zero.

I remember the computer manufacturers crying for business in the early
part of the decade.. Everyone had new computers, most businesses that I
dealt with at the time kept computers on line for an average of 3-4
years (non scientific guesstimate)... They were mostly cad-cam systems
just going from Token Ring to Ethernet...

--
Wafa free again.

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