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In the Marketplace

BY ALM Staff
August 31, 2005

Siemens Financial Services of Iselin, NJ has released a new study showing that American and European companies are once again making investments in new technology a priority. The research project, completed in May, revealed that most companies on both sides of the Atlantic increased tech spending in 2004 and plan to continue doing so over the next year. Those companies spending more this year intend to invest at a higher rate than those that increased spending in 2004.

Among the key findings of the Siemens research are:

  • 67% of U.S. companies report an IT spending rebound, with half planning to increase current levels this year.
  • On most indicators studied, Germany tends to lag behind other countries, but shows strong signs of mirroring the technology investment growth path of its European neighbors.
  • IT replacement cycles are longest in the United States and France, shortest in the United Kingdom and Germany.
  • Server replacement cycles are longest in the United States and United Kingdom.
  • Technology finance is strongly available in the United States, United Kingdom and France, less so in Germany.

GE Commercial Finance of McLean, VA has announced the launch of a federal leasing unit, Federal Finance Solutions, within the GE Commercial Finance family of businesses. The new unit will be staffed by transaction team leader, Robert Whartenby; operations counsel, Jack White; customer solutions leader, Toni McCurry; aircraft and technology segment leader, Patrick Hanner; and energy segment solutions leader, Andy Rubin.

Siemens Financial Services of Iselin, NJ has released a new study showing that American and European companies are once again making investments in new technology a priority. The research project, completed in May, revealed that most companies on both sides of the Atlantic increased tech spending in 2004 and plan to continue doing so over the next year. Those companies spending more this year intend to invest at a higher rate than those that increased spending in 2004.

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