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  "documentTitle": "Zebra Technologies Corp. (ZBRA)",
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      "text": "Zebra doesn't disclose where its capex is being directed, but we have some insights by looking at the PP&E accounts. We are concerned that ZBRA's capex spending is significantly more focused on machinery, buildings and leaseholds rather than computers and software.",
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      "text": "\"The Company retired a significant level of substantially depreciated assets in the current year.\" — 2023 10-K",
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