Economic Downturn?

Yeah, recession, when people are lining up to buy the latest cell phone. EDN

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“The fact is that, when the books are closed on the first half of 2008, ...about an additional $7 billion will have been spent on semiconductors in the first six months of this year compared to last,” Gordon said. “We can conclude — and we have hard evidence from markets such as PCs and cell phones — that spending on electronics has held up well despite the effects of the economic downturn.”