Yardeni and his IDG connection

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Oh boy, the slimy connections/relationships are becoming clearer now. Here is (of all people)Ed Yardeni's latest newsletter. Back reference to other IDG y2K connections can be found on this recent thread HERE.

From: "Ed Yardeni" To: "econews2" Subject: Yardeni's New E-conomy Poll Date: Mon, 3 Jul 2000 10:21:22 -0400 X-Mailer: Microsoft Outlook Express 5.00.2615.200 Reply-To: econews2@yardeni.com Sender: econews2-request@yardeni.com

Below is a press release for the first monthly CIO E-conomy Poll. CIO magazine and I designed this poll to track the New E-conomy. We hope that our survey will in time become as useful and important as the widely-followed polls of the industrial and services economic sectors conducted by the National Association of Purchasing Management. *************************************** FOR IMMEDIATE RELEASE

CIO MAGAZINE AND DR. ED YARDENI PARTNER ON E-CONOMY POLL Pilot Survey Shows Large Corporations Increasing Internet Commerce Spending

Framingham, MA -- July 3, 2000 - IDG's CIO magazine and Dr. Ed Yardeni, Chief Economist of Deutsche Bank, announce today their partnership on the CIO E-conomy Poll. Through their respective constituencies, the partners identified a mounting interest in a reliable tool to accurately forecast and track the growth of the Internet economy or E-conomy. The CIO E-conomy Poll poses the questions to the people with the answers - a select panel of chief information officers (CIOs) from companies with information technology (IT) budgets of $50 million or more. The pilot study, conducted during June 2000, finds America's largest businesses will continue to increase their spending on information at a very rapid pace, particularly to expand Internet commerce.

According to Dr. Yardeni, "I am impressed by how rapidly our leading businesses are transforming and being transformed by the new economy. It is truly breathtaking to find that our CIO panel plans to increase their IT spending by almost 20% and to spend one-quarter of these budgets on Internet commerce over the coming year."

Abbie Lundberg, Editor in Chief of CIO magazine, notes, "The poll shows CIOs expect Internet commerce to account for nearly 20% of business revenues over the next 12 months. This is amazing because it identifies how rapidly the old economy is morphing into the information-based new economy. This evolution is the reason the CIO E-conomy Poll was created. By polling our panel on a monthly basis we will be able to track technology spending and associated trends in the new economy for our constituents."

In June, the CIO E-conomy Poll Current and 12-month Forward Indexes were 3.1 and 4.0. The indexes reflect both the growth of the new economy and the importance of its impact on the overall economy. The results suggest that while the E-conomy is relatively small at present, it is expected to grow rapidly by the panel. Dr. Yardeni constructed these indexes from the poll results to provide summary quantitative measures to assess the underlying trends of the new economy. The indexes are calculated by multiplying the growth rates of current and forward IT budgets by the new economy's share of current and projected business revenues, purchases, and hiring over the Internet.

Poll Highlights:

Overall IT Budgets and Costs 1.) The CIO E-conomy Poll Panel predicts that IT budgets will continue to grow at a solid double digit pace over the next 12 months i.e., 19.1% down only slightly from the 22.8% increase of the previous 12 months, which undoubtedly was boosted by Y2K related outlays. In other words, there has been no significant slowdown in IT spending following the century date change as was expected by some observers. 2.) Over the coming 12 months, the CIO E-conomy PollTM Panel predicts that their IT budgets for software, hardware, and IT payrolls and vendor services will increase 18%, 8%, and 11%, respectively. 3.) IT compensation costs (including salaries, bonuses, and benefits, but not stock options) are projected to increase 10.5% over the next 12 months, with two-fifths of the panelists expecting to pay 1% to 9% increases. This is well above the current 4% national rate of employment cost inflation, but relatively low considering that 83% of the CIOs say that IT professionalsare hard to find and keep.

Internet Budgets and Business 1.) The CIO E-conomy Poll Panel plans to spend fully one-quarter of their IT budgets on developing business-to-business (B2B) and business-to-consumer (B2C) Internet systems over the next 12 months, up from 17% over the past year. 2.) The panelists say total Internet activity (B2B2C) accounted for 12.4% of their revenues over the past 12 months, and they project this percentage will rise to nearly 19% over the coming 12-month period. 3.) The CIO panelists say they will spend more of their 12-month forward budgets on B2B than on B2C over the next 12 months, i.e., 14.5% vs. 9.9%.

Impact of the Internet on Pricing and Costs 1.) Most of the respondents (66%) report the Internet has had no impact on their overall pricing and 71% foresee no impact over the year ahead. However, 21% say they were forced to cut prices in the recent past, and 17% expect to have to do so in the months ahead. 2.) While most of the CIOs on the E-conomy Poll Panel report the Internet has had no deflationary impact on their pricing, exactly half state the Internet cut their costs of doing business, while one-third report higher costs. On average, the panelists say they expect to purchase about 23% of their materials, supplies, and parts over the Internet during the coming 12 months, up significantly from 14.7% over the previous 12 months.

About the Poll CIO magazine teamed with Dr. Ed Yardeni, Chief Economist of Deutsche Bank Securities and Director of PeoplePolls.com, to produce this monthly E-conomy Poll and CIO E-conomy Index. Every month the partners, Yardeni and CIO, ask a select panel of CIOs to assess the outlook for the new economy. The current poll was activated on Thursday, June 15 and closed on Thursday, June 22 with 42 top CIOs responding representing large companies (88% with 1,000 or more employees) from a cross-section of industries with nearly half operating globally.

CIO magazine is published by CXO Media, Inc. (formerly CIO Communications, Inc.). CXO Media is an executive reach company, serving CIOs, CEOs, CFOs, COOs and other corporate officers who use technology to thrive and prosper in this new era of business. The company strives to enhance partnerships between CIOs and CXOs, as well as create opportunities for IT and consumer marketers to reach them. In addition to publishing CIO magazine, CXO Media produces Darwin magazine, the www.cio.com and www.darwinmagazine.com web sites, as well as CIO and Darwin Executive Programs, a series of conferences that provide educational and networking opportunities for corporate and government leaders.

CXO Media, Inc. is a subsidiary of IDG, the world's leading IT media, research and exposition company. IDG publishes more than 300 computer magazines and newspapers and 4,000 book titles and offers online users the largest network of technology-specific sites around the world through IDG.net (http://www.idg.net), which comprises more than 270 targeted Web sites in 70 countries. IDG is also a leading producer of 168 computer-related expositions worldwide, and provides IT market analysis through 50 offices in 43 countries worldwide. Company information is available at http://www.idg.com.

NOTE TO EDITORS: Complete findings, as well as visual documentation from the June 2000 CIO E-conomy Poll are available at http://www.peoplepolls.com or directly at http://www.peoplepolls.com/results/CIO/061500.asp.

Photo of Dr. Ed Yardeni is available at www.yardeni.com/bio.html. Photo of Ms. Lundberg is available at http://www.cio.com/info/alundberg.html.

# # #

So we now have connections between Ed Yardeni, the Iranian version of IDG magazine Computerworld on Gary North's old IP address, and the Heads of IDG donating $350million dollars to MIT to start a Brain Research Institute, the largest single private donation in history.

Is it a coincidence all this? Was Y2k largely a massive marketing ploy headed by IDG?


-- allconnected (itdoesm@tter.now), July 04, 2000


tag off, sorry.

-- allconnected (connected@tag.com), July 04, 2000.


Don't know. Can't say I really care. I didn't read your article because the teeny, tinyfont, in maroon of all things, hurts my eyes. BTW, you've never explained to the readers why you use so many names?

-- (Ouch@my.eyes), July 04, 2000.

Not me, Struzato, you forget I disagreed with this "theory" in the beginning. In fact, some of IDG's pubs. did much to expose the "Hypesters" in and out of the IT business.

Using "Trade Pubs" as a source of information is always a problem. They exist to expose the products of their ad buyers to "the Market". THAT was why some of the I.T. Trades were so "soft on Doomzies". Vs. ZD/Net and C/net. CIO's daily push was one of the things I discontinued after it was clear that there was an "editorial" effort to sweep their positions on Y2k under their plush carpets. CW is another that I should get rid of. Their push is mostly a repeat of what I get from other sources like Tech Republic or C/Net in depth and "without the vendor spin".

-- cpr (buytexas@swbell.net), July 04, 2000.

Y2k was a LEFT WING issue. IDG "used" the right-wing extremist element until it became a major liability. This I believe can be traced to the famous Peter de Jager Doomsday Avoided of early99. The main jist of Y2k, was to build "relationships", not retire to caves and bunkers with months of stockpiled "preps" and wait for 'Geesus' to return. I do not have proof, but I suspect Garree was FED stories, and many of his famous "links".

I believe some elements inside the trades "used" Y2k for agendas, basic of which were self-promotion and profit. I do not think anything truely sinister was going on, but I do think what most think of as Y2k, is not really what was going on.

I think it no accident Peter de Jager's famous Doomsday 2000 article, which basically started the issue, as an issue, was just accidently published by IDG mag Computerworld. I also think it no accident ZDNet was actively bashing the wackos, and IDG was not, if one researches the ongoing competition of the two historically.

Patrick J. McGovern (IDG Owner and founder, 300 or so on the world's wealth list)started as the office manager for Berkeley Enterprise's founder and director, Edmund C. Berkeley in the early 50's. Who is Edmund C. Berkeley? Guy who probably invented the first personal computer named Simon. If you know about Univac, LISP, or Punch cards, Berkeley is your man.

More McGovern background can be had at this link.

I think what you have is an old Lefty type living out his dreams, his interests, his history. Personally I believe McGovern saw Y2k-the internet, as an interesting area to explore the concept of BRAINS, of memetic models, of communication(what he has been doing for at least the last decade). Using his vast network of publications, the message of Y2k was sent and allowed to grow. Till the point, in late98, it had become somewhat out-of-control, and calls were made to Peter D to "tone-it-down" several notches. Around this time the Ads on TV segmenting the concerned into the wacko camp took full flight as well.

IDG was married to Y2k, this is clear. They were the main avenues for the FUD. No question the message appeared responsible, but in hindsight very little about Y2k talk can be called responsible. Truth is, Y2k was a gigantic to-do about something extremely boring and pretty rare as computing issues go.

-- allconnected (allconnected@it.matters), July 05, 2000.

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