JDSU, an optical component and test equipment company that once commanded a megabillion-dollar market capitalization (which earned them a place in my book, “Broadbandits”), has fallen on hard times. Despite growing demand for bandwidth and connectivity, JDSU, like many of its peers,… Read More »
Tech
Americans, by nature, are an optimistic bunch. Even in tough times, there is something to be optimistic about. Where others see the glass half empty, we see it as half full. That is probably the only reasonable explanation for the findings of this survey conducted by… Read More »
New Yorkers, long used to getting free Wi-Fi Internet access in some of their bigger parks, will no longer enjoy the connectivity. WiFi Salon, a company that was offering free Wi-Fi in 10 parts of four New York City boroughs, shut down because of… Read More »
Updated with correction: A few months ago, Sequoia Capital doused the ever-ebullient Silicon Valley with a bucket of ice cold reality when it laid “good times” to rest. Today, one of Sequoia’s all-time stars laid a big wreath on that grave in the pages of… Read More »
After a long day, I returned home to find a mound of junk mail clogging my mailbox. Of note was a letter from Citibank informing me that it was jacking up the interest charged on my credit card, adding more fees for foreign transactions and other… Read More »
Online retailers are not immune to the current credit crunch and are feeling the heat in a big way. The New York Times says that online spending dropped 4 percent for the first 23 days of November 2008, compared with the same period last… Read More »
Updated with Cisco Confirmation: If you want to know how bad it is going to get for all of us in Silicon Valley, just look at Cisco Systems. For first time in its history the company is going to shut down for four days at the… Read More »
Shutdown: Mygazines, a web site that allowed folks to share digital copies of magazines, has shut down. It was sued by magazine publishers and later settled. It was a bad idea to begin with, no surprise it is gone. (Folio) Shutdown: Skyrider, a P2P software company,… Read More »
Alcoa, the world’s largest aluminum company, this week slashed its growth forecast and suspended its stock repurchasing program, battening down the hatches as the global credit crunch continues to hurt demand. My feeling is that aluminum is the canary in the coal mine and is foretelling… Read More »
There has been a rumor rustling around Silicon Valley for a number of months that Cisco Systems is on the verge of acquiring EMC. Such a move would make a lot of strategic sense for Cisco, but this rumored mega-merger of technology giants may have… Read More »
After Monday, the belief that Silicon Valley is going to remain immune from the Wall Street fallout is gone. While some tech companies had been saying they weren’t worried that the credit crunch would hurt them, I don’t believe them. Read More »
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