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This would have the same effect as the first example (assuming the compiler doesn't complain). Some people do use periods in place of END-IF etc (note: I'm not sure you allowed to replace END-PERFORM however). Problems may arise when you forget to use a scope terminator somewhere and ...
"Without a doubt, it is a challenge to find a developer in Cobol who is not nearing retirement age," says Dale Vecchio, research vice president of application development at Gartner Inc.“In 2004, the last time Gartner tried to count Cobol programmers, the consultancy estimated that there wer...