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Although there is a current upswing in IT hardware spending companies can wait longer before upgrading their hardware during lean times [9].
As technologies advance existing stock becomes obsolete or is reduced to standard issue items. And along with this obsolescence reductions in consumer prices ensue. Consumers will purchase the newest technologies while the oldest items remain on the self and, hence, will not command the original asking price. In February 2004 a 27" LCD TV sold for approximately $2K. Today a comparable set is selling for around $900 and a larger 37" LCD TV can be purchased for around $1600 [3]...
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