February 26, 2008 |
The Internet bubble of the late 1990s ended with a painful pop. When today's young entrepreneurs get together, the only bubbles they see are in their mimosas. Even as the rest of the business world frets about the gloomy economy, Silicon Valley is living the high-tech high life.
CALIFORNIA | LOCAL
September 27, 2007 |
SAN JOSE -- Two engineers about to go on trial on charges of stealing confidential computer chip designs from their Silicon Valley employer and a partner firm were indicted Wednesday on the rare and more serious charge of economic espionage, prosecutors said. The indictment returned by a grand jury in U.S.
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 10, 2006 |
Gregory Reyes was facing a personnel crisis. The executive he had just hired for a top sales job at his Silicon Valley company suddenly was threatening to jump to a competitor. So Reyes, then chief executive of computer networking firm Brocade Communications Systems Inc., decided to offer the recruit a much bigger pay package. Instead of options to buy 285,000 Brocade shares -- the initial offer -- Reyes anted up 500,000. He didn't stop there, according to federal prosecutors.