Writings and observations

Elsewhere

Micron TechnologyAthink piece in the current Business Week magazine points out that corporate spending is continuing to grow, but that “just increasingly outside the U.S. A BusinessWeek analysis of financial reports from more than 1,000 large and midsize U.S.-based companies shows that global capital expenditures in the fourth quarter of 2006 were actually up 18.1% over the previous year, a number that includes nonresidential construction as well as info-tech equipment and machinery. The comparable growth for domestic business investment, which is all the government reports each quarter: only 8.9%, without adjusting for inflation.”

Which would be notable but not Northwest-oriented except that one of the handful of corporations the article highlights is Boise-based Micron Technology, on which a large chunk of the Boise-area economy is reliant. And whose CEO, Steve Appleton, is quoted as saying, “I don’t have to hire one more person in the U.S. I don’t have to invest one more dollar here – and we’ll be just fine.”

Back at Boise, where two years ago talk of the town was of a prospective new billion-dollar Micron production operation (not yet materialized), the Idaho Statesman has asked Micron for some further explanation of its growth plans. No response as yet, the paper reports.

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