IDC to Shed Light on How Spending on Internet Technologies May Help Overcome the Current Financial Downturn

LONDON – JUNE 28, 2001 – When will economic recovery begin? This is the key question on everybody’s lips and will be addressed at IDC’s eleventh annual European IT Forum, which takes place at the Grimaldi Forum in Monaco on September 17-18, 2001.


"As with PC stocks after the crash of 1983, we expect it will be years before market euphoria drives Internet stocks back into the valuation stratosphere," said Roberto Masiero, president of IDC EMEA. "However, this will not affect the medium-term development of investments in Web infrastructures and ecommerce, which are forecast to receive the lion's share of investment of the world's economy, as a whole, for the remainder of this decade."

Attendees of IDC’s European IT Forum can choose from six technology-specific breakout presentations, which will provide in-depth, expert analysis and counsel on today's most timely topics. The sessions will incorporate IDC's global market sizes and forecasts, customer requirements, supplier positioning, and interactive Q&A sessions. Topics include:

· The Internet stock crash and current economic slowdown

· How Internet technologies can help overcome the present financial downturn

· How the economies of established companies and the new order of dot-coms are merging

· How companies can formulate winning strategies by combining the Internet with traditional competitive advantages

· How Europe can take advantage of current favorable market conditions to catch up with the United States

· How investments in Internet infrastructures and ecommerce will drive a major economic development worldwide for the rest of the decade

These topics will be debated by well-known industry leaders such as Carly Fiorina (Chairman, President and CEO, Hewlett-Packard), Michael Capellas (Chairman and CEO, Compaq Computer Corporation), Jeff Bezos (Founder and CEO, Inc) and Joe Tucci (President and CEO, EMC); leading economists and strategists such as Gary Hamel, Michael Porter, and Lester Thurow; as well as IDC's senior vice presidents, leading analysts, and consultants.

For more information or to register, visit

Editor's Note: Press registration for this event is complimentary — for press passes, please contact Mathew Heath on +44 20 8987 7107 or IDC speaker interview requests are also being processed in advance of IDC's European IT Forum by Mathew Heath. Advance scheduling is recommended because space and availability of experts are limited.

About IDC

IDC is the foremost global market intelligence and advisory firm helping clients gain insight into technology and ebusiness trends to develop sound business strategies. Using a combination of rigorous primary research, in-depth analysis, and client interaction, IDC forecasts worldwide markets and trends to deliver dependable service and client advice. More than 700 analysts in 43 countries provide global research with local content. IDC's customers comprise the world’s leading IT suppliers, IT organizations, ebusiness companies, and the financial community. Additional information can be found at

IDC is a division of IDG, the world's leading IT media, research and exposition company.


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