Posted: Feb 9, 2010 10:58 AM by Bea Karnes, News First 5
Updated: Feb 9, 2010 10:58 AM
Silicon Valley appears to think the recession is coming to an end.
Cisco, announcing plans to hire as many as 3000 new workers.
And Oracle, saying it will grow by two thousand people.
The growth of tech companies was also the theme of an Nvidia event. The Silicon Valley chipmaker putting on rose colored glasses, investing in new products to help customers bring 3D to your home.
"It's super important that we invest now, when a lot of people don't think it's a good idea. It's the right thing to do, because our customers will be more efficient and that creates jobs and a better economy," says Nvidia's Dan Vivoli.
While the rest of the country talks about jobs, the tech industry is hiring. Big companies like Nvidia, developing new chips to help smaller companies save money, and grow.
"So the quicker the company has more products to sell, we can have more people to do functions that come with the new product." says Agilent's Amolak Badesha.
"It's that kind of thing tech brings to the market, the idea that you can do more with less, and when you're hurting for money, that plays well, regardless of where the economy is," says Rob Enderle, Principal Analyst for the Enderle Group.
Silicon Valley is famous for developing the next big thing.
These days it's known as the place where jobs are.