I wouldn't say that T&M is in decline, but it is a matrure business. That said, there are still startups trying to make a go of it. There are definitely fewer T&M companies than there were 20 years ago.
There is no doubt that Danaher Corporation (NYSE: DHR) is one of the highest-quality names in the industrial sector, but with the stock underperforming the S&P 500 by around 7.7% year to date, there is a sense that the market is losing a little patience with Danaher. In addition, the company is facing a significant amount of unpredictability about its future prospects -- an unusual situation for Danaher. It's time to look at three reasons Danaher could fall in 2014.
IOtech: Visited them a couple of times. They were based in Cleveland. IOtech also made GPIB and USB based daq systems. Company was started by TomDeSantis.
My second visit was really awkward and I found out why later. I was whisked into a conference room, seated with my back to the door, then whisked out. The reason was that there were NI people visting at the same time. They were there to talk about acquiring IOtech. The IOtech people knew that I would recognize the NI people and would know something was up. DeSantis left after the NI acquisition. He decided to put the company up for sale and NI came calling.
a. IOTech - acquired by NI, products still sold by NI (on the MCC website, maybe elsewhere). A midwestern US company that made higher end data acqusition systems (many Ethernet based), although the one I have is from ~15 years ago, is parallel port IIRC, 12-bit, lots of channels, and 1M samples/sec.
MB: When I first saw the lead-in to your post, I wondered if your "worst visit" had more to do with NJ than the company! As one who escaped from NJ as soon as I could (after completion of BSEE), I was concerned.... I have always suspected "Boonton" was the source of the expression "the boonies." Back in the '50s to early '60s, it was 95% farms, the rest Boonton Electronics and ex-urbanites.
The Tek scope i have is a T935; from the looks of it, it was either a relabeled Telequipment or the next-gen design/refresh by Tek following the full merger. It's a pretty good GP scope for my uses, especially considering it was virtually free!
Yes, Boonton and several other companies became Wireless Telecom Group. I once visited Boonton,based in New Jersey (1997 or 1998). Worst visit I had with a company. They kept me waiting for an hour, then all they did was complain about advertising, which was never part of my job as an editor.
I think you're correct about Beckman. When Fluke acquired Wavetek's calibration and instruments products, they had made the Wavetek meter line into Meterman. I still have a Meterman DMM that fits in a shirt pocket.
Metrabyte was acquired by Keithley, now under Tektronix and the Borg. When keithley bought Metrabyte, several people left to start Computerboards, later changing its make to Measurement Computing. MC came up with a Visual basic Extention called Softwire. It ma yhave been to complete with LabView or it may have benn developed because NI was suing companies with graphical programming tools for T&M. MC was acquired by NI and operates as an NI subsidiary.