Maybe. We're seeing signs.
After a best-ever 2008 we saw about a 25% downturn in 2009. 2010 started off equally bad, maybe even worse. Then, April & May were strong - above our 2008 average. We're cautious, though. The two months were helped by unusually large orders from four customers. So - cautiously optimistic!
Another sign - not necessarily good - component shortages and lead times are increasing rapidly - up to 20 weeks. So far we're able to cope, as most of our parts are available from multiple sources.
Such problems aside, let's hope the improvement continues.