IDC to Unveil New 2003 Forecasts and Provide Guidance For Capturing Market Share at IT Spending Outlook Conference

FRAMINGHAM, MA – OCTOBER 15, 2002 – IDC announced today it will unveil its new 2003 IT spending forecasts at its IT Spending Outlook Conference on November 14, 2002.

 

As accounting scandals continue to unravel, the stock market stumbles, and the case for war with Iraq builds, the outlook for 2003 is taking a turn for the worse. However, "there are still pockets of opportunity for IT product and service vendors" says John Gantz, IDC's Chief Research Officer. "Manufacturing, the U.S. government and professional services industries continue to grow at a strong clip, while globally, Asia Pacific shows considerable promise for IT vendors. Similarly, several product sectors, including CRM, infrastructure and industry solutions, continue to beat market expectations."

IDC's IT Spending Outlook, to be held on Nov. 14-15, 2002, at the Santa Clara Marriott, Santa Clara, Calif., will identify hidden IT spending opportunities and growth areas that will provide attendees with insight into new markets as they develop their 2003 strategies. The conference will look at how economic and industry-specific events will impact IT spending overall and in the following industries: financial services, manufacturing, government, retail and wholesale, healthcare, and telecommunications.

"The key to riding out the economic slowdown is a focus on vertical markets," said Meredith Whalen, Vice President, U.S. Vertical Industry Research, IDC. "With fewer IT dollars to go around, suppliers need to develop a focused strategy and IT solutions that address the specific pain points that their vertical industries are undergoing. IDC is increasingly seeing more companies develop industry-specific strategies as a way to better understand and address their customers' business needs."

Through a series of IDC presentations and industry-specific panels of CIOs,conference attendees will be able to glean insight into how IT budgets and

priorities are shaping up for 2003. The event will answer the followingquestions:

How will the current economic outlook affect IT spending in 2003?

How will IT priorities for 2003 vary by industry?

How will corporate scandals in the U.S. impact IT spending?

Which industries should IT suppliers focus on in the short term?

How can IT suppliers take advantage of this volatile market?

How will industry-specific business and regulatory issues translate into IT purchases?

Which IT markets hold the best opportunities for growth?

Among the keynotes are presentations by such experts as Gary Beach, Group Publisher, CXO Media; Ray Boggs, Vice President, Small Business and Home Office Research, IDC; John Gantz, Chief Research Officer and Senior Vice President, IDC; Stephen Minton, Director, Worldwide IT Markets and Strategies, IDC; and Meredith Whalen, Vice President, U.S. Vertical Industry Research, IDC.

Panels will feature CIOs and IT decision makers from company leaders in all major vertical industries. Panelists include top IT executives from Krispy Kreme Doughnut Corp., the State of Ohio, Integris Health, UnitedHealthcare, the City of Worcester, Mass., Overlake Medical Center, Microchip, CUNA Mutual and more.

CIO Magazine is the official partner of the IDC IT Spending Outlook conference.

Members of the media should register for credentials in advance by visiting http://www.idc.com/itspending02 or by contacting Dana Basilone at dbasilone@idc.com, 508-988-6891. More information on IDC's research can be found online at http://www.idc.com.

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 www.idc.com.

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

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