By rights, the engines of a high-tech turnaround should be starting to roar, speeding toward a recovery in the last half of 2002. Domestic production of such high-tech gear as computers, chips, and electronic components has surged 12% since the start of the year. Excess information-technology inventories have been whittled down 4.5% since then too. And corporate profits are again rising in some sectors of the economy, meaning companies should have the cash to upgrade their systems.
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