patrick.net

Of some 500 jobs on Intels job board.

China 19
Germany 6
India 50
Isreal 31
Malaysia 87
Arizon 33
Flosom 39
Santa Clara 44
Oregon 124

Pretty much typical what you will see for other employers.

and so it goes!

that kind of makes sense since Intel is headquartered in Oregon...

okay i finally got it after thomas and others' beat me over the head with the one thousand and one job related posts.

* house prices are tied to jobs(ie. income).
* the (high paying) jobs in the bay area is on a severe rapidly deteriorating down trend.
* house prices should follow.

i'm surprised a huge company like intel moved HQ from santa clara to oregon.
i think that's what made everything click.

if intel, a bellwether, has moved headquarters, that speaks volumes for the future direction of the other SV companies. considering the high cost of doing business in SV and the terrible fiscal condition of the state it's probably not surprising.

Thomas is beating a dead horse.

Intel hasn't been in Santa Clara for at least 15 years.
Actually Im not sure they were ever HQ here.

the idea is that high paying jobs are leaving the valley.
it's not a minor trend, in fact it appears to be quite severe.

this will affect the general economy of the bay area.
it won't happen over a year or two but probably over a decade or two.
it's a big deal.

toothfairy says

Thomas is beating a dead horse.
Intel hasn’t been in Santa Clara for at least 15 years.

Actually Im not sure they were ever HQ here.

Intel's HQ is and has always been in Santa Clara.

You always post nonsense. Why?

wow that's news to me! Their HQ is small compared to their R&D and FAB facilities.
Most of which is NOT done in Santa Clara.

http://www.intel.com/about/corporateresponsibility/community/us/oregon/index.htm

see once again Thomas is the one posting irrelevant nonsense and steering the topic into the gutter.

toothfairy says

wow that’s news to me! Their HQ is small compared to their R&D and FAB facilities.
Most of which is NOT done in Santa Clara.
http://www.intel.com/about/corporateresponsibility/community/us/oregon/index.htm
see once again Thomas is the one posting irrelevant nonsense and steering the topic into the gutter.

Like many other employers, Intel is HQ in Santa Clara. It was off Bowers, now off Mission. Their facilities were running 24/7 3 shifts daily back in the day. The same was true with Apple, HP, SUN and many others. But no more. Your last great hope are advertising companies.. Yahoo, Google, and the young AD sprouts, Facebook, Linkedin. Good Luck.

Oregon succeed in where Santa Clara failed. They lured many jobs up north.

Anyway, one should use actual payroll data not the AD postings are a real indication.

toothfairy says

that kind of makes sense since Intel is headquartered in Oregon…

Easily exposed. It took just 3 seconds to verify the HQ is in Santa Clara. Do you really live in Santa Clara? You are really the one that posts irrelevant nonsense and steering the topic into the gutter.

would it be better if I said "main facilities?" I dont need to check because I already know that Intel barely has a precense here. Like I said 15 years or longer since they built anything here.

thomaswong.1986 says

toothfairy says

wow that’s news to me! Their HQ is small compared to their R&D and FAB facilities.

Most of which is NOT done in Santa Clara.

http://www.intel.com/about/corporateresponsibility/community/us/oregon/index.htm

see once again Thomas is the one posting irrelevant nonsense and steering the topic into the gutter.

Like many other employers, Intel is HQ in Santa Clara. It was off Bowers, now off Mission. Their facilities were running 24/7 3 shifts daily back in the day. The same was true with Apple, HP, SUN and many others. But no more. Your last great hope are advertising companies.. Yahoo, Google, and the young AD sprouts, Facebook, Linkedin. Good Luck.
Oregon succeed in where Santa Clara failed. They lured many jobs up north.
Anyway, one should use actual payroll data not the AD postings are a real indication.

Cisco? Apple? Nvidia? I could name many more but you dont seem to be interested in reality.
If you want to talk about major shifts I'd be more worried for Oregon or any other state where manufacturing has moved to since it's about to be shifted again but this time to Asia.

toothfairy says

to be shifted again but this time to Asia.

Where have you been, mfg has already shifted to Asia as has R&D and even G&A.

thomaswong.1986 says

Your last great hope are advertising companies.. Yahoo, Google, and the young AD sprouts, Facebook, Linkedin. Good Luck.

Well some people are rooting for The Next Big Thing In Silicon Valley.

From "Retailers Happy but Cautious", page B2 of today's WSJ:

"The day after Christmas, Kim Beaver, 51-year-old housewife and mother of four from San Jose, Calif., was at NorthPark Center in Dallas shopping with family and sporting a white gold and diamond key necklace her husband had put under the tree for her. 'We definitely spent more this Christmas, because we had more to spend,' said Mrs. Beaver. 'My husband got a new job as the chief financial officer at a solar energy company'."

Yep, solar from Silicon Valley.

Could be the Next Big Thing.

But it sounds like some folks think Tesla Motors may not be Silicon Valley's Next Big Thing. From "Low battery alert: Investors bail on Tesla", on front page of today's SNJM: "The electric-car company's stock closed Monday down 22 percent from where it was just two trading days earlier..." ..."The stock's plunge was a quick reversal of fortune for a company that seemed to be leading a charmed life..."

sybrib says

thomaswong.1986 says

Your last great hope are advertising companies.. Yahoo, Google, and the young AD sprouts, Facebook, Linkedin. Good Luck.

Well some people are rooting for The Next Big Thing In Silicon Valley.
From “Retailers Happy but Cautious”, page B2 of today’s WSJ:
“The day after Christmas, Kim Beaver, 51-year-old housewife and mother of four from San Jose, Calif., was at NorthPark Center in Dallas shopping with family and sporting a white gold and diamond key necklace her husband had put under the tree for her. ‘We definitely spent more this Christmas, because we had more to spend,’ said Mrs. Beaver. ‘My husband got a new job as the chief financial officer at a solar energy company’.”
Yep, solar from Silicon Valley.
Could be the Next Big Thing.
But it sounds like some folks think Tesla Motors may not be Silicon Valley’s Next Big Thing. From “Low battery alert: Investors bail on Tesla”, on front page of today’s SNJM: “The electric-car company’s stock closed Monday down 22 percent from where it was just two trading days earlier…” …”The stock’s plunge was a quick reversal of fortune for a company that seemed to be leading a charmed life…”

One person's gain doesn't mean the trend.

Can Tesla fill the whole void left by NUMMI? Highly unlikely.

It will take a while for the niche new techs (bio, solar, electrical cars..etc) to fill the entire void.

Other states are also spending big for the next new big thing. California has a lot of competition.

sybrib says

Yep, solar from Silicon Valley.

There is a big big difference... China Japan UK an Germany have their own. They arent a market we can after and their lower costs may just hurt our mfg as did the Japanese had in the 80s. So the big thing isnt that big. Solar overall has been around since the 70s. So far only accountants for 1% of energy production in the US.

Can you say NUKE! Now were talking.

sybrib says

…”The stock’s plunge was a quick reversal of fortune for a company that seemed to be leading a charmed life…”

The 6 month lock out window expired this week. Was anyone thinking it was going straight over 250 or more and split in six months like Ariba did in 1999 ? I think some still expect that to happen.

sybrib says

‘My husband got a new job as the chief financial officer at a solar energy company’.”

Mrs, Beaver has a hole in her head!

http://www.calisolar.com/company/management.php

Mr. Beaver joined Calisolar in 2009. In his role as CFO, he aids Calisolar’s rapid growth by leveraging years of financial leadership experience in building the finance functions during periods of significant growth of publicly traded companies. Prior to joining Calisolar, he served as Senior Vice President of Finance and Chief Financial Officer at Sterling Chemicals, a publicly traded company in the highly competitive commodity chemical manufacturing industry. Mr. Beaver has held senior financial positions at a number of other public companies including Pioneer, Borden Chemicals and Plastics and Monsanto. He graduated from the University of Texas at Austin and is a Certified Public Accountant.

Solar is not a game changer like most people expected, and Bay Area with their high costs is at a huge disadvantage compared to China.

The Chinese government is paying massive subsidies to build solar panel factories all over the country and they don't have the environmental regulations that the US companies have. This wipes out any tech advantage the bay area companies have. Solar is all about cost, if you can manufacture it for a fraction the cost, that small gain in efficiency of superior panels really don't mean much.

Nomograph says

California in general, and the Bay Area in particular, has the most highly educated, entrepreneurial, and competitive workforce in the entire world.
I don’t know exactly what the Next Big Thing will be, but chances are it will come from California.

its almost certain the next big thing will be from the Bay Area... however, the venture capital market is the worst I've seen in a long time for start-ups.

The Bay Area has always been the land of the "next big thing" therefore it has always been more expensive then the other areas of the country. Does that mean the laws of market forces doesn't apply? of course not there are just as many Ninja/subprime/Alt-A/Option-Arm loans in the Bay Area as the most bubblicious areas.
When the dotcoms were flying high, prices remain on pace with income and did not grow nearly as much as after lending standards were relaxed.

Serpentor says

Solar is all about cost, if you can manufacture it for a fraction the cost, that small gain in efficiency of superior panels really don’t mean much.

I agree. We have a Solar Bubble here.

Moreover, some may think it is bad form to boast about your new Diamond Necklace and your Husband's New Position in a national publication.

Nomo,
I don't think the jobs required to sustain an over priced housing stock necessarily follow from the research. Excellent research that got exploited on a large scale was going on in Britain (and still does) all during the decline of the British Empire.

Nomograph says

Serpentor says

Solar is not a game changer like most people expected, and Bay Area with their high costs is at a huge disadvantage compared to China.

Think research, not manufacturing. The money is in discovering new technology with IP protection. China can’t compete in research; they are 30 years behind in that front and the culture does not value risk and innovation.

China 30 years ago was an economic and industrial non entity just emerging from the chaos of the great leap forward and the cultural revolution. Almost the entire base of educated Chinese were either discredited, sent to work in manual labor, killed, or expatriated. To have recovered from such a disaster and gone on to be the worlds second largest economy in 30 years is beyond amazing. Do you really believe the legions of Chinese grad students around the world can't learn how research is done? There is plenty of research being done in China already, you just don't see it in America. Go to Asian countries and you will see a lot of Chinese engineered products. Some are pretty slick. Such a narrow view is so typical American parochial thinking. Get out and around the world, it's amazing out there.

Nomograph says

Think research, not manufacturing. The money is in discovering new technology with IP protection. China can’t compete in research; they are 30 years behind in that front and the culture does not value risk and innovation.

PC/Servers, drive storage, and Semis will be around for many many more decades to come long after both of us die off. You dont hand over your bread and butter which runs your economy to your competition. Thats sucide.

Nomograph says

California in general, and the Bay Area in particular, has the most highly educated, entrepreneurial, and competitive workforce in the entire world.

So did Route 128, yet it failed. Why did SV succeed ? we copied each other! Tech non-compete agreements are not enforced in CA. So everyone steals from one another. You can can back to Fairchilds, National Semi, Intel and AMD to Facebook and Google today.

If we were so competitive why did we lose 90% share of the semicondutor and storage market to the Japanese/Taiwanese ?

Steve Jobs, Bill Gates, Larry Ellison, or even the FaceBook Boy-CEO all fit the bill except non graduated with a Univesity degree. There are plenty of others. Not very educated are they?
Reality is they couldnt even get a job, if they had to start from scratch today.

There is reality and there is hype! Overall all it was missteps and accidents which created SV.

thomaswong.1986 says

Overall all it was missteps and accidents which created SV.

Carly Fiorina likes to talk about the HP garage of the late 1930's in Palo Alto.

A different argument can be made, that electronic data storage gave rise to the "tech" of SIlicon Valley from local resident Bing Crosby's desire for using magnetic tape captured from the Germans at the end of WWII in his entertainment endeavors. So he acquired the technology and used his equity in Ampex to commercialize it for his own exploitation and for profit. Show Biz using new technology for profit. Didn't have much to do at all with the claimed "intelligence effect" of being in the region of Stanford and UCB.

It's no coincidence that by the end of the next decade IBM in South San Jose had become ground zero for magnetic storage.

thomaswong.1986 says

Steve Jobs, Bill Gates, Larry Ellison, or even the FaceBook Boy-CEO all fit the bill except non graduated with a Univesity degree. There are plenty of others. Not very educated are they?

I think you can add one of those two founders of YouTube. I think his name was Chad. I read that he got his "degree" from a correspondence school.

Then there's Jerry Yang of Yahoo. It is true that he was a Stanford grad. It is also true that he came from a public high school in East San Jose. Fine, you can take the edge off of it by calling it "Berryessa". Though Realtors may tell you something different, Berryessa is part of Greater East San Jose, the reason Yang's public school was in the East Side Union High School District.

Money that wasn't pissed away for Fortress property taxes and Fortress API scores and Fortress Down Payment and Fortress Financing was there for Stanford education.

Not The Fortress. East San Jose.

thomaswong.1986 says

Overall all it was missteps and accidents which created SV.

Carly Fiorina likes to talk about the HP garage of the late 1930's in Palo Alto.

A different argument can be made, that electronic data storage gave rise to the "tech" of SIlicon Valley from local resident Bing Crosby's desire for using magnetic tape in his entertainment endeavors. So he acquired the technology and used his equity in Ampex to commercialize it for his own exploitation and for profit. Show Biz using new technology for profit. Didn't have much to do at all with the claimed "intelligence effect" of being in the region of Stanford and UCB.

It's no coincidence that a decade later IBM in South San Jose became ground zero for magnetic storage.

Not sure if this helps a discussion.

I personally have made 3 job postings in last month. None are permanent jobs though, just small side gigs. Got over a 100 applicants on each. It's really crazy, employers can now literally play employees off against each other for lower salary/price.

"California in general, and the Bay Area in particular, has the most highly educated, entrepreneurial, and competitive workforce in the entire world."

I don't know about that. NY gives California a run for its money.

“California in general, and the Bay Area in particular, has the most highly educated, entrepreneurial, and competitive workforce in the entire world.”

Hmmm, after the US decimated Bell Labs and many other industrial research labs, research is done mostly at universities and results published for the whole world to see. California/Bay Area's biggest problem is that it is no longer able to create real IP. After the gurus in ASICs and biotechs are gone (they are mostly near retirement age now), the younger guys must compete against the whole world - a truly scary thought. We have eaten the seed corns and will find out that you can't become good at something overnight - no matter how hard you try.

Nomograph says

California in general, and the Bay Area in particular, has the most highly educated, entrepreneurial, and competitive workforce in the entire world.
I don’t know exactly what the Next Big Thing will be, but chances are it will come from California.

You can be highly educated, entrepreneurial, and competitive and still be dumb to make bad financial decisions. For e.g. how many of those lost money in the stock market? :)