Saturday, April 13, 2002

Anecdotal Evidence on the Current State of the Silicon Valley Economy Wednesday, April 10, 2002   Whoever started the buzz that the IT sector is recovering deserves to be hung. If anything, in the last one week it has gone back into hibernation. I had been to the campuses of two of the Bay area tech behemoths in the last one week. It wouldnt be an exaggeration to say that fear stalks the hallways in both places. I know brilliant developers who have been finding it very hard to get decent jobs or any jobs for that matter. Most of the companies in the valley that I know of, are investing only in absolutely business critical projects (and the pet projects of the senior executives in some cases!). I know it is ridiculous to draw one's conclusions on anecdotal evidence. But I think the recovery is going to take longer and is going to be far more incremantal than many would like to believe. I hope and pray for a recovery. But let's not kid ourselves! Just venting off some steam .... [via Random Notes] 10:17:20 AM  Google It!  comment  []