The article explains the origin of equals signs in old emails, which is due to the 'quoted printable' encoding used to wrap long lines and encode non-ASCII characters. This encoding uses an equals sign to indicate a line break or a special character. However, when the emails were converted from CRLF to NL line endings, the equals signs were not properly decoded, resulting in the appearance of equals signs in the text. The article attributes this to incompetence on the part of whoever processed the emails.