Silicon Valley firms facing biggest slump since 2002: Report

April 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.

May 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.

March 3rd, 2009 WASHINGTON - Four Indian IT outsourcers - Infosys Technologies, Wipro Technologies, Satyam Computer Services and Tata Consultancy Services (TCS) - dominate the list of companies winning H-1B visas in 2008. The four together used more than 10,000 of the visas for skilled professional limited to 65,000 foreign-educated workers per year, according to the US Citizenship and Immigration Services (USCIS).

March 4th, 2009 WASHINGTON - Four Indian IT outsourcers - Infosys Technologies, Wipro Technologies, Satyam Computer Services and Tata Consultancy Services (TCS) - dominate the list of companies who won H-1B visas in 2008. The four together used more than 10,000 of the visas for skilled professional limited to 65,000 foreign-educated workers per year, according to the US Citizenship and Immigration Services (USCIS).

January 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.

February 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.

January 13th, 2009 SAN FRANCISCO - Global purchases of information technology goods and services may decline by three percent in 2009, ending seven years of growth, US research firm Forrester said in its latest report on global IT market outlook It said global IT purchases by businesses and governments will fall to $1.66 trillion. The decline is a distinct shift from 2008, when global IT purchases increased by eight percent.

September 7th, 2009 AOL taps exec who famously warned Yahoo of troubleSAN FRANCISCO — AOL LLC has tapped former Yahoo Inc. executive Brad Garlinghouse for a key position that is meant to beef up the struggling Internet company's presence in Silicon Valley.

September 22nd, 2009 Intel CEO: PC sales could rise in 2009SAN FRANCISCO — The worldwide personal-computer market is pulling out of its slump quickly and could defy predictions by growing this year, Intel Corp. CEO Paul Otellini said Tuesday.

July 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.

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.

September 15th, 2009 Intel: $1B EU monopoly fine based on mistakesBRUSSELS — Intel Corp. is claiming in court documents that European Union regulators made serious mistakes in levying a record euro1.06 billion ($1.45 billion) fine for monopoly abuse last May.

September 15th, 2009 Intel: $1.4B EU monopoly fine based on mistakesBRUSSELS — Intel Corp. is claiming in court documents that European Union regulators made serious mistakes in levying a record €1.06 billion ($1.45 billion) fine for monopoly abuse last May.

June 5th, 2009 Reality bites Internet as 1Q ad sales fall 5 pct SAN FRANCISCO — Internet advertising in the United States dropped 5 percent in the first quarter, marking the marketing medium's first downturn since 2002 when the Web was still recovering from the dot-com bust. The data released Friday by the Interactive Advertising Bureau and PricewaterhouseCoopers LLP provided another reminder of the widespread pain wrought by the longest U.S.

July 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.