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Article: Business Spending Gets a Boost.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- July 23, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Angela Shah, The Dallas Morning News Knight Ridder/Tribune Business News
Jul. 23--More than three years after the world celebrated the start of a new millennium, Y2K may once again be responsible for boosting business spending.
Though any rise is nowhere near the record levels seen in the latter years of the 1990s, it's the technology and e...uipment bought during those times that now need replacing, executives and analysts say.
"Clients are buying for replacement purposes, buying for improvement technology," said Tim Wallace, chairman and CEO of Trinity Industries Inc. "They sometimes have obsolescences that have set in."
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