Its purpose is to analyze, write, and distribute a thoroughly researched product that is absent of any bias or any agenda. Our research seeks to find truth and tell the truth. I'm the analyst institutions hire when they don't want a song and dance from traditional Wall Street research sources. So as you see it, Wall Street thinks that Y2K is a non event, and that all is well within corporate America. Corporate America sold the Street that bill of goods.
Corporations regularly promote themselves and deceive.
It is human nature. The art of competent securities analysis is to separate self-serving promotion and deception from the truth. But in general, U.S. corporate Y2K compliance progress is one of the biggest corporate deceptions I have seen in 30 years of analytical experience. The problem is that Wall Street didn't have the analytical experience of IT competence, nor the IT infrastructure values from which to ask intelligent questions. The Street simply couldn't do comparative analysis, get relevant answers, give the companies little or no wiggle room to respond inadequately, and conclude in an intelligent and informed manner.