Re: Chapter 13-2000 for MIS

[Glenn Ericson <Glenn-Ericson@xxxxxxx>]

Dean
I  did  not write that  piece - just pass along the Washington DC authors
words on IT 
industry bankruptcy.

My  feeling  is  one of - It  does not matter if you are  right or wrong
once you get into
court, on this type of deal, you  both lose.

Glenn
=-=-=-=-=-=-=-=-=-=
At 04:42 PM 10/24/98 EDT, you wrote:
>Glenn,
>
>In a message dated 98-10-23 10:03:04 EDT, you write:
>
>> What do you  think?
>>  
>>  ""Chapter 2000 - IT Bankruptcy
><<snip>>
>
>In the words of my grandfather, "I'm agin' it".  Bankruptcy laws were created
>to protect people from unforseen circumstances and from institutions that
>provide credit too freely (such as Visa/MC giving $5K US credit limits to
>college students without a job).  The Y2K problem is neither unforseen, nor
>caused by any institution's incompetence (unless you count the short-
>sightedness of our _entire_ industry -- and ya' can't sue us all!).  IMO,
>companies have had enough reasons to ignore Y2K, and a "Chapter 2000" would
>only justify their pig-headed inaction.  Besides, what litigation would it
>prevent?  Bankruptcy lawyers are still lawyers...
>
>JMHO,
>
>Dean Asmussen
>Enterprise Systems Consulting, Inc.
>Fuquay-Varina, NC  USA
>E-Mail:  DAsmussen@aol.com
>
>"The greatest pleasure in life is doing things people say you cannot do." --
>Walter Bagehot
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