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Silicon Valley Has Learned to Love the Bust

Posted by timothy on from the but-has-your-ira dept.

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."'"

5 of 264 comments (clear)

  1. The Iraqi Information Minister at work again? by JediTrainer · · Score: 4, Funny

    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.
  2. Re:CEO/CIO versus the grunt laborer at the bottom by Anonymous Coward · · Score: 3, Funny

    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

  3. Re:I love... by Nindalf · · Score: 3, Funny

    With that subject, I was expecting "big BUST and I cannot lie..."

  4. Re:CEO/CIO versus the grunt laborer at the bottom by The+Clockwork+Troll · · Score: 4, Funny
    With grammer like that and not knowing the difference between there and their, your and you're, and they let you hire people?
    Thank you for illustrating a detail about the currently unemployed masses that the original poster missed: many are too stupid to know just how stupid they are.
    --

    There are no karma whores, only moderation johns
  5. Times have never been better! by brundlefly · · Score: 5, Funny

    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?