Hey Plugger.........
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For high demand applications C (C++) will hands down kick ass! There is no way the best PRO can get the same high demand task done in PERL as fast as C.
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True for the most part, but a diehard assembler programmer would point out that assembler can kick C's ass too

I definitely believe in the right tool for the job.....
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C is not an easy language, you have to manage everything correctly
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Most obfuscated mess ever created...;p (well, C++ is actually the MOST obfuscated....
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COBOL may be alive and kicking, but I can find many more (perhaps 100s more) programers that could work on my PERL, PHP, and C code!
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Yes, and I would never reccomend COBOL as a WEB language... But if you happen to have an IBM43XX series mainframe laying around and wanted to write some backend routines, COBOL would be the way to go...