Cisco CEO John Chambers’ optimism
on tech’s rebound from the lagging economy was tempered this week by
the findings of a group of Silicon Valley nonprofits.
A report by the Silicon Valley Community Foundation and Joint Venture concluded that The Valley will enter a “new phase of uncertainty” coming out of the recession due to high unemployment, global competition and curtailed investment.
Chambers said technology would be among the first industries to recover coming out of the downturn. Cisco even plans to hire 2,000 to 3,000 employees — perhaps more than the number recently cut loose from the router king.
To read the full, original article click on this link: 5 Reasons Silicon Valley Might Stumble Coming Out of Recession | Epicenter | Wired.com
Author: Jim Duffy
