One of the things about the so-called "dot-com bust" that everyone seems to forget is that it came right after the Y2K panic. A lot of companies had blown their IT wad in preventing Y2K problems, and a lot of that included investing in shiny new hardware and software. After Jan. 1, 2000, they felt they had to cut back on new investments and enjoy the fruits of that pre-December 31, 1999 feeding frenzy. When nobody is buying, sellers aren't making much money... especially those who have depended (or gotten used to) huge volumes of sales.
This time around we haven't had the Y2K impetus driving even the most non-tech companies to upgrade their technology.
Biting the hand that feeds IT
