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Santa Clara Valley Economy

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NEWS
March 9, 2001 | CHARLES PILLER and JOSEPH MENN, TIMES STAFF WRITERS
There's no longer a waiting list for Porsche Boxsters at Carlsen Motors in Palo Alto. Some recent paper millionaires can't make house payments. And for the first time in years, cash invested in new Silicon Valley firms has slowed dramatically. The domino effect of Internet failures and a sharp slowdown in technology spending by many U.S. companies already has triggered one of the largest Nasdaq stock market meltdowns ever.
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NEWS
March 9, 2001 | CHARLES PILLER and JOSEPH MENN, TIMES STAFF WRITERS
There's no longer a waiting list for Porsche Boxsters at Carlsen Motors in Palo Alto. Some recent paper millionaires can't make house payments. And for the first time in years, cash invested in new Silicon Valley firms has slowed dramatically. The domino effect of Internet failures and a sharp slowdown in technology spending by many U.S. companies already has triggered one of the largest Nasdaq stock market meltdowns ever.
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BUSINESS
January 19, 2001 | JOSEPH MENN, TIMES STAFF WRITER
Major Silicon Valley technology companies said Thursday that they have lost tens of millions of dollars in the last two days of rolling blackouts and have begun to intensify their lobbying efforts for increased energy production and incentives for reduced consumption. Acknowledging that some consumers and small businesses blame them for the soaring demand for electricity, the companies pledged to reduce their own usage by 10% in the next two years.
BUSINESS
January 19, 2001 | JOSEPH MENN, TIMES STAFF WRITER
Major Silicon Valley technology companies said Thursday that they have lost tens of millions of dollars in the last two days of rolling blackouts and have begun to intensify their lobbying efforts for increased energy production and incentives for reduced consumption. Acknowledging that some consumers and small businesses blame them for the soaring demand for electricity, the companies pledged to reduce their own usage by 10% in the next two years.
NEWS
August 1, 1998 | CHARLES PILLER, TIMES STAFF WRITER
Yahoo and Amazon.com may be riding the stock market into the stratosphere, but key sectors of the once-high-flying Silicon Valley high-tech industry have suddenly crash-landed. The Asian economic crisis, an unprecedented glut of computer memory chips, the rise of the under-$1,000 personal computer and slower PC sales have created havoc in the high-tech mecca. In recent months dozens of companies--from Intel Corp. to Netscape Communications Corp.
NEWS
August 1, 1998 | CHARLES PILLER, TIMES STAFF WRITER
Yahoo and Amazon.com may be riding the stock market into the stratosphere, but key sectors of the once-high-flying Silicon Valley high-tech industry have suddenly crash-landed. The Asian economic crisis, an unprecedented glut of computer memory chips, the rise of the under-$1,000 personal computer and slower PC sales have created havoc in the high-tech mecca. In recent months dozens of companies--from Intel Corp. to Netscape Communications Corp.
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