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Industrial equipment and the Internet.

When I was in the auto industry, we used a destiny of heavy equipment to bend, machine, and join metals. To hold fast up with world markets and increase efficiency, we had a capita] program to upgrade machinery and tooling. The equipment that was replaced generally had destinys of life left in it, on the other hand we typically ended up scrapping beneficial equipment for a lack of a better alternative. If we did vend it, we were lucky to earn 20 or 30 cent upon the dollar.

The entire used equipment market was like that -- companies with used equipment would have to call small regional dealers or middlemans who ...





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