July 23, 2007 |
Los Angeles is gaining on Silicon Valley as ground zero for the current Internet boom. Information services companies in Greater L.A. reaped $167 million in venture capital investment during the second quarter, according to a report scheduled for release today by Ernst & Young and Dow Jones VentureOne. The region, which includes Los Angeles, Ventura and Santa Barbara counties, trailed only the high-tech hub to the north, which pulled in $262 million.
June 13, 2007 |
They are the captains of Silicon Valley, dispensing cash and advice to companies on the cutting edge of technology. So why can't the venture capitalists on Sand Hill Road keep the lights on? Electricity to the high-tech industry's money center has cut out, for several hours at a time, on at least three occasions in the last few months. When it does, screams ring out from those who hadn't saved their files. Phones stop working. Fax machines cease spitting out term-sheets for deals.
January 30, 2007 |
Silicon Valley's economy has revved up thanks to plucky Internet and alternative energy start-ups, according to a new report. Local technology companies created 33,000 jobs last year -- the first increase since 2001, a year after the dot-com downturn. The region's median household income jumped 6.5% from 2005 to 2006, to $76,300 -- the first uptick since 2001. It decreased 13% from 2001 to 2004.
September 7, 2006 |
A proposal to blanket 1,500 square miles of Silicon Valley with affordable wireless Internet access stepped closer to reality after a joint task force selected a consortium to build and operate the network. Silicon Valley Metro Connect, which includes Cisco Systems Inc. and IBM Corp., said late Tuesday that it secured the bid from the Wireless Silicon Valley Task Force. Further approvals by individual municipalities need to be worked out, however, before the wireless network becomes a reality.
September 2, 2006 |
Silicon Valley ranks last in an annual ranking of 12 U.S. technology hubs because of the region's notoriously high housing costs, traffic congestion, unemployment rate and other quality-of-life problems. According to a survey by the Silicon Valley Leadership Group, the nation's top-ranked tech hub is North Carolina's Raleigh-Durham area, which enjoys relatively affordable housing and a thriving job market.
July 21, 2006 |
In a case that struck fear in Silicon Valley, federal authorities Thursday filed the first of what could be a barrage of criminal and civil charges against technology company executives for allegedly manipulating stock option grants to make them more lucrative for employees.