TeradyneiFlex RF TeradyneIP 750 TeradyneCatalyst, RF & AM Rental Options Available TeradyneA565 TeradyneA575 YokogawaTS670- call for details YokogawaTS6000 Mixed Signal
Discrete Test Systems Credence/TMT RFx -
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Wafer Probers Electroglas4090x Electroglas4090 Electroglas4090+ Electroglas6000 TEL P12XLn TEL P8XL TEL P8 multiple systems available TSK APM 90ARental Options Available TSK APM 90ALRental Options Available TSKUF 200 Rental Options Available TSK UF 200SRental Options Available
Verigy 93000 PinScale systems Yokogawa TS 600 / 600 mix
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HOLIDAY WISHES
As 2008 comes to a close, we would like to wish all our friends and customers a wonderful Holiday Season and Best Wishes for a prosperous New Year.
2009 will arrive with a lot of uncertainty and it may take some time for the New Year to turn prosperous. I have been reflecting back on 2008 and thinking that this is one of the strangest economic climates I have ever seen. The world economy has certainly become more and more interwoven. Western consumers, especially US consumers were spending and consuming imported goods at an unsustainable rate. Much of this willingness to spend was fueled by an easy credit environment. While the value and thus equity in real estate continued to grow, many US consumers simply borrowed against their home equity to sustain their consumption, until things finally collapsed.
The US has a litany of basic economic issues to work on:
Consumers overburdened with debt and a low savings rate.
Weak job growth and now significant job losses.
Health care costs and large % of population uninsured.
Educational system that fails to educate a large % of students.
Energy consumption and environmental concerns.
Uncompetitive manufacturing costs.
Uncompetitive corporate tax structure versus other nations.
Two ongoing wars and record budget and trade deficits.
Now, all these problems have existed for some time, but combined with a credit squeeze and stock market collapse this fall, consumer confidence has dropped like a stone. This is a very critical problem for an economy where consumer spending was the engine of growth. Now high levels of problem mortgage loans and job losses will compound the problem.
In response to the economic problems, the US government has committed almost $8 Trillion dollars of aid. (Thats right, Trillion with a T) Do you think we could design an economic restructuring and stimulus package that would work for that kind of money? Time will tell.
I have to be hopeful that the US will not just stimulate spending and provide corporate bailouts. We need to take on these basic problems and become more competitive. Just starting to address problems wil
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