Until California can get its tax situation under control all industry is going to be in trouble:
What’s Happened to Silicon Valley? (Part 1): "Silicon Valley has been world famous for decades. And, like other worldwide icons (Columbus, Madonna, Tiger Woods), the Valley has been both loved and hated over the years. Lately, there have been clouds parked over Silicon Valley, and people in and out of the tech world have become skeptical about where we go from here.
We decided to dig deep into Silicon Valley, its culture, and its businesses, for a week-long series of reports called “Boom, Bust, and Beyond.” We got a lot of help from Valley heavy hitters. Some, like Joint Venture Silicon Valley CEO Russell Hancock, say that after a series of ups and downs, the Valley faces a current slump it may not be able to get out of. On the other hand, Yahoo! CEO Carol Bartz says she’s seen worse, and the tech industry always finds some new way to bounce back and create new magic."