Thursday, October 1, 2009
The Great VC Ice Age Is Thawing (for Now)
I would argue that the shut-down of September 2008 was equally severe yet there are signs that this “VC Ice Age” has begun to thaw.
I would argue that the shut-down of September 2008 was equally severe yet there are signs that this “VC Ice Age” has begun to thaw.
Facebook CEO Mark Zuckerberg will take to Oprah Winfrey’s couch today. What to expect? Questions about the economy? Mark’s not-so-secret Twitter account? The latest redesign?
Now that President Obama has signed the $787 billion economic stimulus package into law, the real hard work begins: using that money to create jobs. To accomplish its many goals, the country needs the infrastructure to support them. That’s why the funding for broadband was so vital.
The competitive edge of the United States economy has eroded sharply over the last decade, according to a new study by a nonpartisan research group. The report by the Information Technology and Innovation Foundation found that the United States ranked sixth among 40 countries and regions, based on 16 indicators of innovation and competitiveness.
Adobe shares are trading lower this morning after RBC Capital analyst Robert Breza trimmed his estimates and price target on the stock, noting that the upgrade cycle for the recently released Creative Suite 4 has been slowed by the weak economy.
There was a time when the geeks who keep a company’s tech systems running could get by without knowing the finer details of corporate strategy. Well, those days are over. This downturn could mean the end of the sequestered CIO.
The outlook for consumer spending over the next 90 days looks “grim,” according to ChangeWave Research.
The firm said a survey of 2,701 U.S. consumers taken in the February 2-9 period found the worst spending outlook ever recorded in one of its surveys.
Wednesday would be a really bad day for Hewlett-Packard Chief Executive Mark Hurd to break his winning streak. Central bankers around the globe are sweatily trying to revive faltering banks. Luckily, Hewlett-Packard has a man at the top now who could be called Maalox in human form.
When the economy goes south, one name invariably surfaces on the lips of pundits and economists: John Maynard Keynes. That is because the twentieth century’s greatest economist is generally associated with the idea that markets require government intervention in order to function properly. But Keynes’ ideas were not just a prescription for an ailing economy; they were a complete theory of capitalism.
Cisco CEO John Chambers just might be one the most careful executives in the Valley about talking to the press; in a brief chat with Tech Trader Daily at a media reception last night, he didn’t give away much about his views on the state of the economy or the current quarter. But he did have a few things to say. Here’s a summary.
Omniture shares are taking it on the chin today after some cautious comments by Chad Bartley, an analyst with Pacific Crest. Not surprisingly, he says the gloomy economy is causing a slowdown in the business analytics sector–existing clients aren’t expected to increase their investments in 2009.
Is Electronic Arts producing games that people just don’t want to play? Because they’re sure not buying them. Countless analysts are downgrading the stock–and while many are convinced the slowdown is just EA’s problem and not prevalent in the industry, skeptics attribute most of it to the economy. Which all begs the question: Is the company vulnerable to a takeover?
Think long term. Long, long term. In the short term, there will be pain in Silicon Valley. Start-ups will have to survive 2009. Layoffs will be in fashion: “You didn’t do a layoff? What’s wrong with you?” Venture capitalists will be hit just as hard. Their investors–the endowments, the pension funds and others–are hurting.
In a mixed holiday sales forecast, an electronics industry trade group is projecting that consumer spending on such gadgets will grow 3.5 percent in the fourth quarter, half the growth rate in the same quarter a year earlier.
For the solar industry, some promising news from the land of the rising sun.
According to Reuters, Japan’s Ministry of Economy, Trade and Industry is discussing bring back subsidies for the country’s solar sector. The story, citing unidentified ministry officials, says that the country is considering subsidies and tax breaks that could halve the cost of [...]
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