Is Silicon Valley losing its crown?

Posted on Saturday, May 09 2009 @ 5:26 CEST by Thomas De Maesschalck

BBC News reports Silicon Valley may be losing its crown as the center of innovation and a major force in the global economy:

So says Tom Siebel, hi-tech veteran and founder of Siebel Systems.

"I think Silicon Valley has been toppled from its pedestal," he told BBC News. "I think information technology is much less important in the global picture today than it was even 10-20 years ago."

Mr Siebel makes his judgement based on his years and experience in the computer industry. His career began in the 1970s and he made his name while working at database giant Oracle.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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