Truth in Media Global Watch Bulletins

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TiM GW Bulletin 99/3-1

Mar. 5, 1999

Zapping "Scuds;" Blowing "Fluff;" Kissing Ass; Killing Worms...

A Global IT Potpourri

A Truth in Media "Public Service Announcement"

FROM PHOENIX, ARIZONA               Topic: GLOBAL AFFAIRS

Internet Star Wars: Users' "Patriots" Zap Hucksters' "Scuds"

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Dell and IBM: King and Prince of "Fluff" Blow Off More Market "Fluff"

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Lou's (Big) Blue Kowtows to Bill's (U.N.) Blue for a Red Cause

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Killing Worms: Don't Touch the HAPPY99.EXE!

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INTERNET STAR WARS: USERS' "PATRIOTS" ZAP HUCKSTERS' "SCUDS"

PHOENIX, Mar 5 - Wouldn't it be great if your TV remote came with a button with which you could zap out all commercials? Not the way the MUTE button works, which only eliminates the sound, but the whole shebang? So that you would only watch your favorite TV program, kind of like C-Span, without any interruptions or delays?

Well, Germany's largest computer company, Siemens, has just come up with such a device. And it's FREE! (check out: http://www.siemens.de/servers/wwash/ ).

Except that this is not a TV remote; it's a piece of software dubbed the WebWasher. The WebWasher zaps out all banner ads, or pop-up windows - the Internet "Scuds" - with which the Web hucksters bombard the visitors to some popular sites (the media Web pages, for example). Such intrusive electronic missiles waste the users' valuable time and bandwidth. In shooting them down, Siemens' WebWasher essentially performs the role of the "Patriot," an anti-missile defense system which gained fame during the Gulf War.

And so, as in the Star Wars, for every missile, sooner or later, there seems to be a counter-measure. If the WebWasher became pervasive, this Siemens' "Patriot" could be quite devastating. Not only because it could zap out up to $1 billion of ad money from the still fledgling Internet e-commerce. But because it might force the entire Internet business formula to be revised - from an ad revenue-supported medium (like TV or cable TV), to a subscription based business metric. Interestingly, if that were to come to pass, the Internet would be merely returning to its roots.

    Scud                                                         Patriot

By the way, the WebWasher is relatively easy to install. And it works! TiM has been using it successfully for several days now. But note the adjective "relatively" above. It's much easier than programming your VCR. But you will have to follow Siemens' instructions to a tee, when reconfiguring your Web browser's "proxy servers." And if you're thinking right now that we're talking here about some substitute waiters, you'd better get some Internet "pro" to help you install this "Patriot." Lest you want to continue to be bombarded by the "Scuds."

Finally, if you want to drop a note of thanks to someone for this Internet "public service announcement," don't bother writing to us. The credit should go to Joe Davidson <jdavidson@interguru.com>, an Internet guru from Maryland, who tipped us off about this new German invention. Joe had also been helpful to us previously in an e-mail software address book conversion (when we switched from Netscape Mail to EudoraPro). So if you want to send some business his way, along with your "thanks," we are sure that Joe would appreciate it (see http://www.interguru.com/mailconv.htm ). That's the only ad "Scud" you'll get from us today. J

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DELL AND IBM: KING AND PRINCE OF "FLUFF" SPIN MORE "FLUFF" INTO THE MARKET

PHOENIX, Mar 5 - Dell and IBM, the king and the prince of "fluff" (the market capitalization-over-equity ratio), have just spun more "fluff" into the market. Taken at its face value, the two companies announced yesterday a $16 billion, seven-year deal. And the gullible "investors," read gamblers at the Wall Street Casino, lapped it up as if the "fluff" were real gold. Which is why we invented the "fluff" ratio last year, ranking the computer companies we follow by their market cap-over-equity, not price-earnings, ratios.

Wall Street gamblers unaware of such caveats, sent both IBM and Dell shares soaring yesterday, helping push the Dow Jones Industrials by 192 points, or by 2% of its value. IBM was up by over 10 points at its high, boosting its market cap by over $10 billion, before dropping back later in the day. Dell was up by about six points at its daily high, for about an $8 billion swing on the IBM news. Dell shares also fell back later in the day.

One could hardly have imagined a better example of both, today's market volatility, and its perversion. Within a matter of hours, about $18 billion of new "wealth" was created out of thin air, riding on the companies' hot air news balloon. And then much of it evaporated, again within a matter of hours, as the hot air turned to cold reality. Meanwhile, it was mostly the traders (i.e., the "house"), not the long-term investors, who made out in the process.

A scam a day keeps the doctor away?

Of course, such cons would never be possible without the media playing its part in spinning the tale the "fluff" champions way. All headlines we checked out in this morning's papers heralded the IBM-Dell's $16 billion figure, implying that that's how much new business this deal would be worth to the two companies. And it might be - when Northern Siberia hosts the world's first championship of golf; when the month of February has two blue moons; there is a snow storm in Singapore; or when Bill Clinton tells the truth about his sexual escapades.

For, if you examine the finer print of this "$16 billion" deal, you quickly begin to realize that the number is a wildly optimistic figure, especially in terms of its net plus to IBM, which the Wall Street analysts and the media have said would benefit more from the deal than Dell.

Asked by how much this "megadeal" would boost its business this year or next, IBM told the analysts that it "would not significantly increase its sales in the early years of the contract," according to today's New York Times' report. As a result, most analysts didn't change their forecasts for IBM revenues. Yet they had no problems lauding the Dell deal as being great for IBM's business.

No surprise there. When Hewlett-Packard (HP) announced its intention to split off its instrumentation business earlier this week, the same analysts who applauded IBM's Lou Gerstner for deciding NOT to split up IBM, were now cheering HP's decision to do so.

In fact, contrary to the popular perception, Dell may reap more immediate benefits from the "megadeal." In return for Dell's promise to buy more parts from IBM in the future, IBM agreed to lower the royalties which Dell pays to IBM for use of Big Blue's patents and other intellectual property. The savings to Dell could be "as much as 1% of the price of each computer it sells," according to an analyst quoted in today's Wall Street Journal report.

Add to it the fact that the entire deal is non-exclusive (meaning that Dell can continue to procure its technology from other suppliers if it finds them more competitive than IBM), and then you can begin to appreciate that what has just happened is that the king of "fluff" (Dell) and the prince of "fluff" (IBM) have just spun more "fluff" to the gullible market. And that the business substance doesn't matter much in a game where "fluff" and greed reign supreme, such as on today's Wall Street.

Two top headlines from last Friday's (Feb. 26) Journal reinforce this observation:

"GDP SURGED at a rate of 6.1% in the last quarter of 1998, an upward revision from the 5.6% pace estimated a month earlier."

"Stocks closed lower Friday, as worries about a slowdown in the PC industry sent technology shares (and the Dow Jones Industrials) skidding."

So when the economy grows faster than assumed, stocks drop?

Nor did this Friday's (Mar. 5) top two Journal headlines sound any more logical:

"THE DOW INDUSTRIALS soared 268.68, or 2.8%, to a new high 9736.08 on Friday, its biggest gain this year and fifth largest on record..."

"Unemployment rose to 4.4% in February..."

So when the unemployment grows, the stockmarket cheers?

Or is a new Logic 101 needed here? Or none at all, just like in Las Vegas?

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LOU's (BIG) BLUE KOWTOWS TO BILL' S (U.N.) BLUE

IBM Donates Two Computers to the U.N. War Crimes Tribunal

PHOENIX, Mar 5 - Bill and Lou sat together on the Council on Foreign Relations. They sat together at the Bilderbergers' meetings. They sat together on the Trilateral Commission. They sat together at the White House dinner party thrown in honor of the visiting Chinese president, Jiang Zemin. Apart from David and Henry (Rockefeller and Kissinger), the Piranha-in-Chief and the Big Cheese of the New World Order, the Billy-Lou twosome were the only members of all three New World Order Non-Governmental Organizations present at the White house gala (see "The China Wing of the New World Order," http://www.truthinmedia.org/Bulletins/tim98-1-5.html ).

Blue Partners for a Red Cause

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Lou                     Bill

In other words, looks like Billy-Lou are two like-minded chums. Their triple NWO play is like being a member of the Soviet Politbureau, the Central Committee, and of the Communist Internationale - all at once.

No wonder China's Jiang "honored" IBM's Gerstner by paying him also a private visit in New York, following the Oct. 29, 1997 White House dinner. Stalin would have probably done the same for a "comrade."

No surprise, therefore, either that Lou's (Big) Blue has just kowtowed to Bill's (U.N.) Blue by donating two AS/400 computers and peripherals, worth about $650,000, to the U.N. War Crimes Tribunal for the Balkans and Rwanda at The Hague. In gratitude, Bill Clinton sent a "Dear Lou" thank you letter to Lou Gerstner, the IBM chairman, according to a Mar. 4 report in the Wall Street Journal.

The Journal's article said that IBM would reap "some political dividends" from this move. The paper didn't specify what they would be.

Maybe a "privilege" also to offer the One World globalists, like Klinton, a free computer service to help dismantle and rewrite the U.S. Constitution? Or provide special encryption tools to help Lou's chum, Billy-boy, better cover-up his government's breaches of national security, such as the theft of our nuclear secrets from the Los Alamos lab by their joint pal, Jiang, and his spooks? (see the New York Times, Mar. 6, front page report). Or send some mainframe freebees to the Kosovo Albanian terrorists?

Whatever these "dividends" end up being, IBM customers and shareholders who may still be thinking that the Big Blue is a U.S. company; or is in the business of technology, not politics; should reconsider that notion. Especially after they reread the first two paragraphs of this story. And perhaps switch their allegiances to another "blue chip" company which is not so glaringly RED - under its blue veneer.

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A Truth in Media "Public Service Announcement"

KILLING WORMS: DON'T TOUCH THE HAPPY99.EXE!

PHOENIX, Mar 5 - If you receive an e-mail message with an attached file named "Happy99.exe" - DO NOT open this file! It is an electronic parasite which will infiltrate the intestines of your computer worse than the worms in a dog.

This is NOT a joke! Your TiM editor did receive such a file on Feb. 24. Other TiM readers have also reported getting it. Fortunately, we did NOT open the "Happy99.exe" file, since we never touch any ".exe", MS Word, Excel or other executable files which arrive to us from the strangers on the Internet. Except to trash them, of course.

So please read the information below carefully, and check that you do not have this ugly worm hibernating on your disk. If you find it, follow the instructions enclosed below as to how to surgically remove it.

And do NOT send any more e-mails to anyone before you are sure it is safe to do so, as you will be helping spread the nasty worm. If your system was infected, to test that you have successfully removed it, send an e-mail to yourself. If you do not receive a second message with the "Happy99.exe" file attached, it means your PC is clean.

"This worm, and other Trojan-horse type programs, demonstrate the need to practice safe computing," writes Symantec's programmer, Raul K. Elnitiarta, who devised the enclosed surgical removal procedure. "One should not execute any executable-file attachment (i.e. EXE, SHS, MS Word or MS Excel file) that comes from an e-mail, or a newsgroup article, from an unknown source." Make it practicing "safe surfing," not just "computing."

So there. This has been a Truth in Media "Public Service Announcement."

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http://www.symantec.com/avcenter/venc/data/happy99.worm.html

Happy99.Worm

VirusName: Happy99.Worm

Aliases: Trojan.Happy99, I-Worm.Happy

Likelihood: Common

Region Reported: US, Europe

Keys: Trojan Horse, Worm

Description: This is a worm program, NOT a virus. This program has reportedly been received through email spamming and USENET newsgroup posting. The file is usually named HAPPY99.EXE in the email or article attachment.

When being executed, the program also opens a window entitled "Happy New Year 1999 !!" showing a firework display to disguise its other actions. The program copies itself as SKA.EXE and extracts a DLL that it carries as SKA.DLL into WINDOWS\SYSTEM directory. It also modifies WSOCK32.DLL in WINDOWS\SYSTEM directory and copies the original WSOCK32.DLL into WSOCK32.SKA.

WSOCK32.DLL handles internet-connectivity in Windows 95 and 98. The modification to WSOCK32.DLL allows the worm routine to be triggered when a connect or send activity is detected. When such online activity occurs, the modified code loads the worm's SKA.DLL. This SKA.DLL creates a new email or a new article with UUENCODED HAPPY99.EXE inserted into the email or article. It then sends this email or posts this article.

If WSOCK32.DLL is in use when the worm tries to modify it (i.e. a user is online), the worm adds a registry entry:

HKEY_LOCAL_MACHINE\Software\Microsoft\Windows\CurrentVersion\RunOnce=SKA.EXE The registry entry loads the worm the next time Windows start.

Removing the worm manually:

delete WINDOWS\SYSTEM\SKA.EXE

delete WINDOWS\SYSTEM\SKA.DLL

replace WINDOWS\SYSTEM\WSOCK32.DLL with WINDOWS\SYSTEM\WSOCK32.SKA

delete the downloaded file, usually named HAPPY99.EXE

Safe Computing:

This worm and other Trojan-horse type programs demonstrate the need to practice safe computing. One should not execute any executable-file attachment (i.e. EXE, SHS, MS Word or MS Excel file) that comes from an email or a newsgroup article from an unknown or a untrusted source.

Norton AntiVirus users can protect themselves from this worm by downloading the virus definitions updates released on Jan 28, 1999 or later either through LiveUpdate or from the following webpage: http://www.symantec.com/avcenter/download.html

Write-up by: Raul K. Elnitiarta

January 28, 1999

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Also, check out... "China Kicks U.N. Butt Out of Macedonia,"  "The Natives Are Getting Restless,"  "Two Faces of Globalism", "Corporate 'Cabbage Patch' Dolls""Christianity Under Siege... Revisited," "Small Caps Sinking First", "U.S. European Policy Destroying Own Creations", "Russia Is Still the Bogey No. 1"

Or Djurdjevic's WASHINGTON TIMES columns: "The Great American Hoover", "Russia, IMF and Global House of Cards" , "Christianity Under Siege: Toward a One World Religion," and Djurdjevic's CHRONICLES column: "Wall Street Financial Terrorism"