Apple supplier Jabil extends furloughs to San Jose campuses
Apple supplier Jabil is nearly tripling how much of its workforce will be affected by temporary shutdowns across its Silicon Valley facilities, extending a previously reported halt in operations at the manufacturing contractor.
Jabil supplies components for the iPhone, and Apple accounts for 28% of the company's $22.1 billion in revenue.
Margaret O’Mara had a great piece in the NYT yesterday, about the history of Silicon Valley and its roots in the defense industrial complex. People not familiar with the area tend to think that Silicon Valley started with the tech boom, in the 1990's.
Defense contracts during and after World War II turned Silicon Valley from a somnolent landscape of fruit orchards into a hub of electronics production and innovations ranging from mainframes to microprocessors to the internet.
...continue reading "Silicon Valley Can’t Escape the Business of War"
2,940.91 (9/21/18) to 2,651.89 (10/24/18) is a decline of 9.83% in just 34 days
Who Will Save Us From the Silicon Valley City-States is a Silicon Valley hit-piece by NY'er Pete Tosiello who opens his article with this gem;
Zuckerberg, one of the world’s most powerful men in terms of money, data, and access to eyes and ears, stating under oath that he had virtually no idea how his $590 billion company made money, much less how it had compromised democracy and inadvertently undercut entire industries.
...continue reading "Who Will Save Us From the Silicon Valley City-States?"
954 days. That's how long this bull market has been rising, since the 1,810 low on February 11, 2016. Two years and seven months is quite a bull market, and the annual return of 25% if you were lucky enough to get in at the low, and get out a few weeks ago. There have been a few 5% pullbacks along the way, and then the quick 12% drop at the beginning of this year, but for the most part it's been a strong and steady climb.
...continue reading "Out with the Bull, In with the Bear"