Market Conditions for M&Amp;A Transactions Are the Best Since 1999: Exhibit 1
Sales of U.S. Companies
| Category | 2004 | 2003 | 2002 |
|---|---|---|---|
| Service, non-infotech | 6.2 | 4.6 | 0.0 |
| Service, infotech | 7.6 | 7.0 | 0.0 |
| High-tech, proprietary mfg. | 6.3 | 8.0 | 4.4 |
| High-tech, nonproprietary mfg. | 8.7 | 5.5 | 7.2 |
| Distribution | 6.3 | 5.0 | 4.8 |
| Proprietary industrial mfg. | 6.9 | 6.0 | 5.3 |
| Proprietary consumer mfg. | 5.1 | 5.7 | 5.6 |
| Nonproprietary manufacturers | 6.3 | 5.4 | 4.7 |