@ucelen - That was witty of you (not so much of the company that you work for though!)
@sanddemon - The reason why COBOL code is still there at your place is because it 'just works'. It has legendary reverse compatibility (try to compile a 40 yr old COBOL code today and it will still work!) Why fix something that ain't broken? And ever tried to read a COBOL code? It is half English, half logic :)
You want up-to-date technology? Cloud computing? Fancy GUI based stuff? How about a GMail outage sound to you? Or may be the T-Mobile fiasco?