One thing Wall Street hates is uncertainty. So last week, when companies such as IBM and Microsoft put a damper on their spectacular earnings — by making statements that they couldn’t predict what impact Y2K would have on the rest of the year’s earnings — the stock market nose-dived.
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Y2K Worries Spoil Hi-Tech Stock Party
Posted by: Chet Dembeck July 26, 1999 12:00 AMOne thing Wall Street hates is uncertainty. So last week, when companies such as IBM and Microsoft put a damper on their spectacular earnings — by making statements that they couldn’t predict what impact Y2K would have on the rest of the year’s earnings — the stock market nose-dived.