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Brent -
We're dealing with more than just modular computers in this environment
- we are mostly concerned with systems of computer mainframes with
legacy software tied together by massive networks of communications and
prorocol. The legacy software has millions of lines of archaic
spaghetti code which is substantially undocumented -- in some cases the
software is loaded down with dead code which has been programmed around
to make an undocumented quick fix to a change in protocol long since
forgotten :(
It is, unfortunately, a far cry from the package software that we have
become accustomed to today. The software was never intended to survive
this long -- nobody who worked on the systems back in the seventies ever
dreamed that their software (or hardware) would still be in place past
the mid-eighties much less the nineties.
As for knowing about it for years and not doing anything about, knowing
about it is one thing -- convincing corporal management to spend the
money to replace it is an entirely different thing. Many IT managers
raised the issue, got frank disbelief at the management level, and hoped
for their early retirement to occur prior to the mid-90s.
Just my humble observation from the inside of the industry.
Ned Markson
cnedgo@xxxxxxxxx
http://www.erols.com/cnedgo
BrentinUtahsDixie wrote:
>
> Regarding a top, it certainly seems that the summer rally as been late and
> half hearted. What cause would there be for a MAJOR top now? I can't hardly
> believe that the GM strike is enough to cause something. If the bull market
> started in July of '82 an anniversary date comes in July every year(this is
> the 16th) and there have been a number of gyrations in July over the years.
>
> Not to over play the Y2K mess but something I read said that because of
> departmental guidelines and fiscal years, trouble could begin as early as
> July of this year. The one thing that I don't understand about Y2K is that
> computers are so much cheaper, more powerful and versatile now. If I were a
> manager and suspected that I had a bug. I would simply replace those old
> computers and programing with new. Wouldn't your job be on the line if you
> had known for years about the problem and didn’t do anything? Something
> about Y2k just doesn't jive.
>
> Regards,
>
> Brent
>
> ----------
> > From: Dennis L. Conn <dconn@xxxxxxxxx>
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Subject: Re: MKT - DOW
> > Date: Tuesday, July 14, 1998 10:22 AM
> >
> > Hi all,
> >
> > Unless I'm mistaken (a frequent occurrence lately), I believe Chris
> Carolan
> > also gives July 28 as the date for a major top in the Dow in his book The
> > Spiral Calendar. I hadn't really given much credence to lunar cycles, but
> > Bob's post has me wondering. I don't know what the COT report is
> regarding
> > short commercial positions in S&P futures, but if it's back up in the
> > stratosphere, I wonder if that would be enough to start a decline that
> > starts a panic - to whatever degree. Since I'm not involved with
> equities, I
> > wonder if someone could comment on all this. I've been led to believe
> that
> > from a technical viewpoint (and to some extent, fundamentally), trouble's
> > not far off in spite of the rosy picture that's been painted, but the
> doom
> > and gloom forecasts have been wrong thus far. Does anyone out there
> believe
> > they may now be proven correct? If so or if not, what's your thinking?
> >
> > Just curious,
> >
> > Dennis C.
> > dconn@xxxxxxxxx
> > -----Original Message-----
> > From: BobRABCDEF@xxxxxxx <BobRABCDEF@xxxxxxx>
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Date: Tuesday, July 14, 1998 8:23 AM
> > Subject: MKT - DOW
> >
> >
> > >According to the WinMidas software a DOW top is projected in 14 days at
> > 9346.
> > >This value will be adjusted as each days price and volume change until
> > price
> > >and the X coincide.
> > >
> > >BobR
> > >
> >
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