The Naught Decade
About a year ago, as the world was hurtling into depression, I remarked that our semiconductor industry was entering a rabbit hole and like Alice in Through the Looking Glass we might find it hard to imagine what's on the other side. As we enter this new decade I believe we are emerging from the rabbit hole, and indeed we find our new reality "curiouser and curiouser"!
It's been an astonishingly bad decade. As we entered it in late 1999 the entire world was drunk with dot-com irrationalism and fretting about Y2K. Those days now seem surreal as our memories are scarred by the dot-com crash, 9-11, the Enron scandal, US dollar collapse, war in Iraq, housing collapse, banking collapse, and stock market collapse. And that's just in America!
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