Slashdot Mirror
Silicon Valley Has Learned to Love the Bust
An anonymous reader writes "Fortune's David Kirkpatrick interviews scores of valley execs who have stopped worrying continued innovating. He writes: 'The underlying tech boom that began the bubble actually has never stopped. It just stopped paying off. Says Eric Schmidt, CEO of Google, the company that has emerged as the head of the new class: "If anything, the rate of innovation in technology has increased in the past couple of years. But that doesn't necessarily make it a good business. The beneficiaries are the end users." Agrees Rob Carter, the CIO of FedEx: "The sound we heard wasn't the bubble bursting; it was the big bang."'"
But it was the "new economy" where insane growth rates will magically go on forever!
All those old analysts and economists at universities just "don't get it" and are "out of touch"!
It's the "new economy" my friend! The stock market is simply going to go up, up and away like some sort of super hero! Yay!
There was no bust. What is this I'm hearing about a bust? There was no bust. The infidels are committing suicide on the gates of Silicon Valley. Everything you are hearing are all LIES, LIES, LIES! I triple-guarantee you that there was no bust in Silicon Valley.
You can accomplish anything you set your mind to. The impossible just takes a little longer.
With grammer like that and not knowing the difference between there and their, your and you're, and they let you hire people?
(shakes head)
Slashdot
has learned to love silicon ;)
With that subject, I was expecting "big BUST and I cannot lie..."
There are no karma whores, only moderation johns
The sound we heard wasn't the bubble bursting; it was the big bang.
... Not to mention Black Holes and more Dark Matter than it might be practical to shake a stick at.
Plenty of everlastingly expanding nothingness between the bright bits then
Every day I get literally dozens of offers.
Most of them offer lucrative business opportunities from the comfort of my own home. I can make up to $6000 per week, working just a few hours a day, for just a small investigative investment!
Other offers are seven-figure partnerships which often involve travel perks to exotic locations such as Nigeria.
With so many offers coming into my email inbox *without even looking for them*, times have never been better. How can folks say things are tough out there?
Depends. Do you have big hooters, a tolerance for pain and O faces, and a video camera?
I've never said that.
I think everyone reading this today knows what you'll be saying after you get laid off.