Fate of Silicon Valley bleak, according to silicon CEOs

Chief executives from Intel and Cypress Semiconductor say Silicon Valley is in a bad state.

Literally. The basic problem is California, according to recent comments from Intel CEO Paul Otellini and Cypress CEO T.J. Rogers.

Speaking at the Intel Capital Global Summit on Wednesday, Otellini said Intel has not added a job in California in at least a decade, according to a report in The Wall Street Journal.

He characterized California's future as bleak for businesses. "We're so close to screwing it up, it's pathetic...I worry that we have to hit the abyss before we can fix things, and I worry that the abyss will be more like Greece," he said.

If you think that sentiment is negative, listen to Cyrpress' CEO speaking to EE Times, according to a report in C/NET.  >>More here

SOURCE:  cnet.com