Silicon Valley firms facing biggest slump since 2002: ReportApril 14th, 2009 SAN FRANCISCO - Major companies in the Silicon Valley are suffering the biggest slump since the dot-com bust, further proving that the leading technology hub is not immune from the effects of a global economic meltdown, a new report has said. According to rankings compiled by the San Jose Mercury News, total market capitalisation of Silicon Valley's 150 biggest public companies plunged 32 percent to about $850 billion for the past 12 months ending March 31, the worst decline since 2002.
Media6Degrees hires former Google executive Tom Phillips to be its CEOOctober 7th, 2009 Media6Degrees hires former Google executive as CEOPHILADELPHIA — Media6Degrees said Wednesday that it has hired a former Google Inc. executive to serve as its chief executive.
Despite Obama, H1B Visa Crisis, Job cuts (because you are a non-US), Asian are flooding in Silicon ValleyMay 14th, 2009 WASHINGTON - The numbers of Indians and other Asians and Latinos in America's Silicon Valley continued to surge from 2007 to 2008 even as the population growth of the two ethnic groups unexpectedly slowed nationwide. For years, Santa Clara County's diverse population - with more minorities than whites - has served as a pointer for the rest of the US, but the latest data released by the US Census Bureau Thursday is expected to push back the projected date that minorities will outnumber whites across the US by a decade.
Former eBay CEO to run for California governorFebruary 9th, 2009 LOS ANGELES - Former eBay chief executive officer Meg Whitman has said that she will run for California governor to replace Arnold Schwarzenegger in 2010. 'California faces challenges unlike any other time in its history - a weak and faltering economy, massive job losses, and an exploding state budget deficit,' Whitman said in a written statement Monday.
Silicon Valley Executive Salary Survey; Google Leads The PackMay 23rd, 2006 Meet Omid Kordestani, Sr. V.P. Google, who made merely $288,874,396 last year.
Facing biggest slump since 2002, Silicon Valley firms eye IndiaApril 15th, 2009 WASHINGTON - With major companies in the Silicon Valley suffering the biggest slump since the dot-com bust, some firms are eyeing India and China to recover from the effects of a global economic meltdown. The total market capitalisation of the leading technology hub's 150 biggest public companies plunged 32 percent to about $850 billion for the last 12 months ending March 31, the worst decline since 2002, according to an annual survey by the San Jose Mercury News.
AOL hires senior VP for advertising from software company CoolirisSeptember 30th, 2009 AOL hires senior VP for advertisingNEW YORK — AOL LLC said Tuesday it has hired Shashi Seth from software maker Cooliris Inc. for the position of senior vice president of global advertising.
Recession cloud has solar lining in Silicon ValleyJanuary 28th, 2009 SAN FRANCISCO - Microsoft is laying off 5,000 workers, Intel is closing five fabrication plants, and even mighty, can-do-no-wrong Google is slashing perks and laying off recruiters. But for a Silicon Valley steeled by the 2001 dot-com bust, a recession that could be the longest and deepest in 80 years is not causing panic or prophecies of doom.
Sun warns of earnings below expectations in fourth quarterJuly 15th, 2009 SAN FRANCISCO - Sun Microsystems has warned that earnings would fall below expectations in the fourth quarter, which is also likely to be its last as an independent company. A Silicon Valley pioneer whose servers helped form the basis of the Internet and still power many large enterprises, Sun is close to completing a $7.38 billion sale to Oracle Corp after a series of huge losses pushed down its share price.
A chronology of events leading to Microsoft and Yahoo's Web advertising dealJuly 29th, 2009 Timeline: Microsoft, Yahoo's road to partnershipA chronology of key events leading to Microsoft Corp.'s deal with rival Yahoo Inc.:
Feb. 1, 2008: After more than two years of talks and speculation, Microsoft makes unsolicited offer to buy Yahoo for $31 per share, or $44.6 billion.
Indian PM should induct more professionals in government, says Silicon Valley's Kanwal Rekhi (Interview)June 26th, 2009 SILICON VALLEY - Hailing the appointment of Infosys chief Nandan Nilekani as chairman of the Unique Identification Database Authority of India (UIDAI), Silicon Valley's Indian giant Kanwal Rekhi said Prime Minister Manmohan Singh should induct more professionals in his government. "This is a very good move.
Technology trailblazers reign as media power brokers gather in IdahoJuly 5th, 2009 Geeks double as scourges and sages at media summitThe media moguls attending an annual powwow staged by investment bank Allen & Co. used to be able to rest comfortably in the Idaho mountains as they mulled their next moves.
Satyam fraud shatters Geelong's Silicon Valley dreamsAugust 3rd, 2009 GEELONG - The Silicon Valley dream for the Australian city of Geelong were shattered when the massive accounting fraud with its potential partner, Indian IT giant Satyam surfaced in January this year. ollowing job losses in the car manufacturing sector, Geelong could not have asked for more when the plan was proposed for a massive 75 million dollar IT hub at Deakin University.
Google Acquires WritelyMarch 10th, 2006 Google Inc. bought the Silicon Valley start-up Upstartle, creators of Writely , high quality internet word processing software. Writely lets users compose documents on the Web and share them with others as well as blog them.
Oracle sales down as businesses tighten beltsSeptember 16th, 2009 SAN FRANCISCO - Business software maker Oracle reported a 5 percent decline in quarterly revenue Wednesday as businesses held off on buying new software. The Silicon Valley company said its sales dropped to $5.1 billion, but the company managed to increase profits by 8 percent to $1.1 billion, compared to $1.07 billion in the year-ago quarter.
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