Economic Downturn Hits Once-booming Silicon Valley

388257 14: Wetlands at the south end of San Francisco Bay form a northern border for rapid industrial expansion in Silicon Valley in recent years, April 20, 2001, north of Santa Clara, CA. That contruction boom has come to an end. A year ago, Silicon Valley's economy produced 64 new millionaires per day but now a slowing economy is hitting area high-tech communities with cuts to staff and spending. (Photo by David McNew/Newsmakers)
388257 14: Wetlands at the south end of San Francisco Bay form a northern border for rapid industrial expansion in Silicon Valley in recent years, April 20, 2001, north of Santa Clara, CA. That contruction boom has come to an end. A year ago, Silicon Valley's economy produced 64 new millionaires per day but now a slowing economy is hitting area high-tech communities with cuts to staff and spending. (Photo by David McNew/Newsmakers)
Economic Downturn Hits Once-booming Silicon Valley
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Credit:
David McNew / Staff
Editorial #:
807806
Collection:
Hulton Archive
Date created:
20 April, 2001
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Source:
Hulton Archive
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38825714sili_20010716_01824.jpg
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