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Is Silicon Valley losing its crown?

Posted on Saturday, May 09 2009 @ 05:26:23 CEST by

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.



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