Friday, August 22, 2008
Industrial equipment and the Internet.
When I was in the auto industry, we used a lot of heavy equipment to bend, machine, and join metals. To keep up with world markets and increase efficiency, we had a capita] program to upgrade machinery and tooling. The equipment that was replaced generally had lots of life left in it, but we typically ended up scrapping good equipment for a lack of a better alternative. If we did sell it, we were lucky to get 20 or 30 cents on the dollar.
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