Word: valleyful
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...scene inside eerily echoed my previous stint in California when the dotcoms were still in bloom. By the time I returned to the East coast in 2002 the country had grown weary of overhyped Websites, corporate greed and generally arrogant business people. The recession decimated the Silicon Valley economy as untold billions evaporated in the California sun. Many reckoned that it was the end of California's reign as a place that could fuel innovation or generate significant growth for the U.S. economy. World events took center stage, the military geared up for war and here at home we hunkered...
...abandoning a method of compensation that effectively let talented workers place big bets with their careers. Without stock options, we might not see the same level of frenzied startup activity prevalent during the late 1990s. The other big difference is that many of the venture capitalists in Silicon Valley are still smarting from the last round of layoffs and drop-offs in tech stock prices. Sure, hope springs eternal, but that might only stretch so far given that they've seen the dire effects of old investing habits...
...Silicon Valley guys like to smirk, calling him the Wal-Mart of the tech world. But Michael Dell, 39, is having the last laugh. What started as a $1,000 investment, and was launched in his dorm room at the University of Texas, is today the world's No. 1 computer maker in market share, thanks to a relentless focus on selling direct to the consumer. First came desktops and notebooks, then servers and storage, and now printers and flat-screen TVs. The company racked up $41 billion in sales last year and wants to boost that to $80 billion...
...Whitman, 47, is not just the genial host at this giant party, picking up a fee for each listing and a small percentage of each sale. She's also the quiet giant of the Internet world, one of a mere handful of Silicon Valley CEOs who survived the dotcom bubble with her reputation unscathed. A business veteran, she cut her teeth in the top echelons of Disney, Hasbro and Procter & Gamble, resurrecting failing brands like Keds shoes and FTD florists. When she was offered her current job in 1998, Whitman was highly skeptical. Why leave everything she had built...
...Silicon Valley, being wrong is a common side effect of being innovative. Jobs has been synonymous with the kind of ingenuity that's at the forefront of the tech industry. Everything his company does is scrutinized, often imitated and sometimes even stolen by competitors. (Windows is the most notable example of the highest form of flattery; Wal-Mart's launch of a download-music site is the most recent.) The mouse, how your computer's desktop acts when you point and click at folders and files, wireless Net connectivity, flat-panel displays and DVD burners--these are just some...