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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (15816)	1/20/2003 3:03:56 PM
From: hmbsandman	Read Replies (2) of 57684

What puzzles me is that in the early 90s, unemployment in Santa Clara county was higher..I think it peaked around 12%, and its about 7-8% now. But things didn't seem so gloomy back then. It was like, yes, Lockheed is laying off, but Cisco is hiring :) I definitely do not remember anyone seriously questioning the relevance of Silicon Valley. Is the increased doom and gloom because everyone believed all the hype in the 90s? Not one tech company has been unaffected by the downturn. Maybe the whole overcapacity thing was worse than we thought. SC

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