Posted by: BayAreaComRE | July 6, 2010

Two Uplifiting Stories Out of the Valley

We thought our readers would enjoy two optimistic articles, both showing positive signs of growth in Silicon Valley.

Buck’s cafe serves up venture capital with the granola (Thanks SiliconValley.com and NJ)

Call it the Buck’s Silicon Valley Barometer: The economy may be wobbly and the mood of the country anxious, but the Woodside cafe is humming again with deal-making breakfasts.

“There is more activity on the venture capital front. There is renewed enthusiasm,” said Jamis MacNiven, who co-owns the restaurant with his wife, Margaret. “A year ago, it was about as bleak as it has ever been. People were talking about the drop in home values and joblessness as opposed to deal flows. Now the topic is back on business.”

Global chip sales rise 47.6 percent from a year ago as electronics sales recover (Thanks Venture Beat)

Global chip sales continued to recover in May with sales up 4.5 percent from April and 47.6 percent from a year ago, according to the Semiconductor Industry Association.

Sales in May were $24.7 billion, up from $23.6 billion in April and $16.7 billion in May, 2009, according to the chip industry’s trade group. Chip sales are a bellwether for the technology industry since chips are used in everything electronic.

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Responses

  1. […] given all our coverage about tech being a major driver for the commercial real estate market (here, here and here). We’ve included an excerpt and the full report […]

  2. […] covered the tech comeback exhaustively (here, here, and here) and are glad the national attention is focusing on the […]


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