My esteemed colleague Jim wrote on this blog just a couple of days ago that he is tired of hearing about how Bay Area is the end-all, be-all of technology innovation and that for his money Boston is every bit as tech savvy as the nerds in Silicon Valley.
Ironically, that very day, Apple – a Silicon Valley based company – surpassed Microsoft as the most valuable technology in the world! That’s right, a company from Cupertino, CA #1 in the tech industry.
But as strong as Apple has become over the past few years, it is far from being the only formidable technology company here in Silicon Valley. You may have heard of some of them -- Google, Facebook, eBay and Intel. And literally tens of thousands of other companies too. But we’re not just about the Internet and semiconductors any more. No siree!
Just this past week President Obama was in Fremont, another Silicon Valley city, touring Solyndra, a maker of solar panels, where he touted the new factory as an example his administration's efforts to encourage job growth in innovative technologies. Green tech comes to Silicon Valley.
And Solyndra is not alone. There are dozens of new companies developing green technologies here in Silicon Valley, and a number entrenched semiconductor companies, such as Intel and National Semiconductor, are spending big amounts of R&D money on new photovoltaic and solar projects.
Biotech is another area of growth for Silicon Valley. In fact, hundreds of Valley-based biotech firms are expected to vie for $1 billion in new federal tax credits and grants aimed at boosting medical research and generating jobs.
Boston is certainly a vibrant and important market for a number of diverse technologies. But Silicon Valley, like Apple, isn’t going to give up its #1 tech ranking easily. That’s why 3Point Communications is located in both Boston and the Bay Area. We know that if you’re going to provide world-class communications counsel to technology companies, you have to be in both places at once.