Is California, particularly Silicon Valley, bearing the brunt of the countrys economic problems?
I think if California is hit harder, it will be very, very temporary. I think there’s a big shakeout going on now. But I personally think we’ll see job growth in the Valley, not job destruction…. There are lots of companies still hiring. Like us, for example. Q: But what about the problems at Cisco? That can’t bode well for the rest of the Valley. A: The very big companies — Sun and Cisco — are going through a temporary problem, which is an oversupply problem. But [their] markets are still growing. They may contract a little bit now, but they’ll be alright eventually. Q: And the little guys? A: There are a lot of teeny little companies that haven’t yet proven to be of any value to customers. Almost all the business-to-business companies are there. Q: So who’s really in trouble? A: The only industries that have a systemic problem that are going to take a few years to come back are semiconductors and PCs. I think PCs aren’t a growth industry anymore, and I think it will decline in th
