Silicon Valley reboots?
This optimistic New York Times story (registration required) illustrates how scores of companies in the Valley are alive and kicking, and either raising money or generating enough revenue to not just survive but thrive. There's been a definite turnaround in optimism. Now we'll have to see if success follows that optimism.
Are the good times back in Silicon Valley? After all, technology stocks are up sharply this year. A number of tech stalwarts, led by the computer chip giant Intel, have recently reported robust quarterly results. And scores of start-ups like Tellme Networks are thriving again.
But this is no bubble redux. Instead, Silicon Valley, the entrepreneurial hub of the nation's high-tech economy, is rebooting, just as a computer does after it crashes. And this time, the geeks are the ones with the upper hand.