InternetWeek Research: e-Business Spending Soars Despite Economic SlowdownWHO: Bob Violino, Managing Editor/Features, CMP Media's InternetWeekPRNewswire WHAT: Results from an InternetWeek survey of 250 IT and e-business
executives this month reveal that IT managers have a positive
outlook for 2001, despite the economic slowdown. Even as
capital expenses are scaled back, companies are plowing ahead
with Internet technology investments, citing cost and
competitive pressures as well as longer-term strategic
positioning.
Seventy-seven percent of respondents say their companies'
Internet and e-business initiatives spending will increase in
2001. The average hike: a healthy 40 percent. Only 4 percent
of execs surveyed expect their companies' Internet spending to
decrease in 2001; 19 percent say it will stay the same as
last year's.
The numbers are comparable to those for last year, when 77
percent increased Internet spending, 1 percent decreased
spending, and 22 percent kept it the same. About eight of 10
managers say concerns about the slowing economy aren't causing
their companies to consider scaling back spending on Internet
efforts.
InternetWeek expert Bob Violino is available to discuss survey
results. InternetWeek will also provide graphs of survey data.
The full story is located on the Web at
http://www.internetweek.com/newslead01/lead011901.htm and in the
January 22, 2001, issue of InternetWeek.
WHEN: Monday, January 22nd and Tuesday, January 23rd
CONTACT: Gail Griffen, CMP Media Inc. Alison Barth, The Horn Group
516-562-5634 781-356-7124
ggriffen@cmp.com abarth@horngroup.com
ABOUT: InternetWeek
CMP Media's InternetWeek internetweek.com is the news and
analysis source for 275,000* IT and corporate managers applying
Internet technologies and strategies to transform their
businesses. With a history of innovation and thought leadership,
InternetWeek is the only newspaper with an Internet/IT editorial
focus-meeting the informational needs for Transformation Agents
charged with building e-businesses and driving business to
survive in today's competitive marketplace. According to the
most recent Simmons and IntelliQuest readership studies,
InternetWeek delivers the most powerful audience-it is the best-
read and maintains the highest reader loyalty of all newspapers
in its category.
* Publishers Data, 12/00
CMP Media Inc.
CMP Media Inc. cmpnet.com is a leading high-tech media company
providing essential information and marketing services to the
entire technology spectrum- the builders, sellers and users of
technology worldwide. Capitalizing on its editorial strength,
CMP is uniquely positioned to offer marketers comprehensive,
multiple media solutions tailored to meet their individual
needs. Its diverse products and services include newspapers,
magazines, Internet products, research, direct marketing
services, education and training, trade shows and conferences,
custom publishing, testing and consulting
PRNewswire -- Jan. 22 SOURCE: CMP Media Inc. Company News On-Call: http://www.prnewswire.com/comp/181993.html or fax, |