The Process of Buying or Selling a Business
Technology based products are subject to more rapid change and obsolescence, particularly as product life cycles shrink at the equipment level and business becomes more global. Legacy designs do remain after decades of production, but are no longer 'cash cows' due to significant price erosion. In addition, core technologies are now practiced worldwide, life cycles are shorter, and competitive advantage comes more from cost leadership than through customer service. Customers are looking for suppliers who can do more, support them globally, and provide error-free products at a competitive price. As a result of these and other factors effecting industry today…