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Silicon Valley, Bad Economic News Timeline Tuesday, August 26     Author
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Pioneering winemaker Mondavi dies Yahoo-Google Alliance Probed Google showing signs of slowing down Shares Sink on Forecast Bay Area Home Sales Fall 36% iPhone warning proves true iPhone launch falls short, stock falls Gas prices for super unleaded close $4  Average prices in the Bay Area for a gallon of regular gas are at $3.47 Last-minute tax users swamp Intuit  A flood of last-minute tax filers swamped the servers forcing taxpayers to wait hours for confirmation 10,500 Layoffs Announced  Semiconductor giant is laying off employees as part of a massive restructuring effort to reverse sinking profits Apple Recalling 1.8m Laptops Apple Warns Some Profits May Be Erased Apple sued over stock options SGI files for chapter 11 bankruptcy Financial forecast lowered for 3rd quarter 3Com moving to Massachusetts Solectron to cut 12,000 jobs AMD plans layoffs, will take large charge 4,000 jobs trimmed Cisco cut 8,000 jobs Yahoo, eBay crippled by hackers



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        Bay Area
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                    Silicon Valley

                        2007 (6)
                        2006 (10)
                        2005 (2)
                        2004 (3)
                        2003 (9)
                        2002 (13)
                        2001 (6)
                        2000 (28)

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Summary.     Click for More > County defaults rose 194.2% to 3,751  In the Bay Area, mortgage servicers recorded 18,516 notices of default, up more than 140% from a year ago Unemployment rises in Silicon Valley Setup problems plague new iPhone Google-Yahoo ad deal probed Silicon Valley janitors strike
Jul.22   San Jose
Jul.20   San Jose
Jul.11   Apple
Jul.1   Google
May.20   San Jose
  Janitors at some of technology and biotechnology companies will go out on strike, having dismissed a contract offer from cleaning companies
Apr.24   Yahoo
Feb.26   Google
Feb.6   Cisco


year 2007
... more >
Sep.28   Apple
Jul.24   Apple
May.15   San Jose
Apr.17   Mountain View


year 2006
... more >
Sep.5   Intel
Aug.24   Apple
Aug.3   Apple
May.8   Mountain View


year 2004
... more >
Sep.2   Intel


year 2003
... more >
May.5   3Com
Mar.20   Milpitas


year 2002
... more >
Nov.7   AMD
Jul.16   Intel


year 2001
... more >
Mar.9   Cisco


year 2000
... more >
Feb.7   Yahoo

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County defaults rose 194.2% to 3,751


July 2008 ... more > Top ^

Jul.22   San Jose
  In the Bay Area, mortgage servicers recorded 18,516 notices of default, up more than 140% from a year ago
Jul.20   San Jose Unemployment rises in Silicon Valley  Unemployment increased in June to a combined 6.1%, up from 5.6%, even though the high-tech hub has added more jobs Jul.11   Apple Setup problems plague new iPhone  As the updated iPhone went on sale, Apple enthusiasts who waited hours in front of Apple Stores reported problems activating the phones Jul.1   Google Google-Yahoo ad deal probed  The Justice Department has opened a formal antitrust investigation into a deal struck that would allow the Internet titan to provide search ...

May 2008 ... more > Top ^

May.20   San Jose Silicon Valley janitors strike
  Janitors at some of technology and biotechnology companies will go out on strike, having dismissed a contract offer from cleaning companies
Pioneering winemaker Mondavi dies

April 2008 ... more > Top ^

Apr.24   Yahoo Yahoo-Google Alliance Probed  Justice Department officials are examining an advertising deal between amid concerns that the alliance violates antitrust laws

March 2008 ... more > Top ^

Mar.24   Los Gatos Netflix Site Knocked Out

February 2008 ... more > Top ^

Feb.26   Google Google showing signs of slowing down  A report by comScore Inc. shows that the number of clicks by U.S. users on ads was flat in January compared with a year earlier Feb.6   Cisco Shares Sink on Forecast  Cisco Systems 2nd-quarter profit matched subdued expectations, but shares plunged on signs that economic jitters will continue to hurt sales

year 2007 Top ^

Bay Area Home Sales Fall 36%
Nov.13   Google Probe Into DoubleClick deal Sep.28   Apple iPhone warning proves true   An Apple software update is disabling iPhones that have been unlocked by those who wanted to choose which mobile network to use Jul.24   Apple iPhone launch falls short, stock falls  Shares fell 5% after AT&T said it activated 146,000 iPhones during the first few days of the launch, far less than initial sales estimates May.15   San Jose Gas prices for super unleaded close $4
  Average prices in the Bay Area for a gallon of regular gas are at $3.47
Apr.17   Mountain View Last-minute tax users swamp Intuit
  A flood of last-minute tax filers swamped the servers forcing taxpayers to wait hours for confirmation


year 2006 Top ^

Dec.2  AMD  AMD, Nvidia in antitrust investigation Garbage Strike Looms Oct.17   Intel Yahoo, Intel Report 3Q Profit Declines Sep.5   Intel 10,500 Layoffs Announced
  Semiconductor giant is laying off employees as part of a massive restructuring effort to reverse sinking profits
 Most of the job cuts will come from the management, marketing and information technology ranks. Market share stolen by smaller rival AMD
Aug.24   Apple Apple Recalling 1.8m Laptops  Apple concerns about the laptop batteries inside supplied by Sony Aug.12   Apple Apple gets warning letter from Nasdaq Aug.3   Apple Apple Warns Some Profits May Be Erased  Apple Computer is uncovering that it improperly accounted for employee stock options Apple sued over stock options May.8   Mountain View SGI files for chapter 11 bankruptcy  Silicon Graphics will embark on a major reorganization in a bid to reduce its debt by $250 million Jan.17   Intel 4th-quarter forecast missed

year 2005 Top ^

Apr.30   Milpitas Solectron to slash 3,500 jobs to cut costs
Jan.11   Intel Quarter profit falls, but sales set record

year 2004 Top ^

Sep.2   Intel Financial forecast lowered for 3rd quarter  High-tech bellwether said its third-quarter revenue will range from $8.3 billion to $8.6 billion Bay Area Might Be Stuck with Bridge Bill
Jun.3   Intel 2nd-quarter financial forecast narrowed

year 2003 Top ^

Sep.18   Sun Sun to cut another 1,080 jobs
Aug.27   Mountain View Silicon Graphics cuts 600 more jobs Jul.22   Sun 4th-quarter revenue falls 13% Jul.16   Apple Quarter profit slides, beats expectations May.6   Cisco Revenue drops, profits jumped 35% May.5   3Com 3Com moving to Massachusetts  Company has stumbled in recent years. Most of it's enterprise networking business is based in Marlborough, Mass. Mar.21   Santa Clara SonicBlue to file for Chapter 11 Mar.20   Milpitas Solectron to cut 12,000 jobs   Agilent to cut 4,000 more jobs

year 2002 Top ^

Dec.11   eBay eBay hit by credit card scam Nov.14   AMD Chip-maker to cut 2,000 jobs Nov.9   San Jose Silicon Valley's Jobless Rate 7.9% Nov.7   AMD AMD plans layoffs, will take large charge  20% of 13,187 employees could be cut. Executives plan to take a charge of 'several hundred million dollars' Nov.4   Santa Clara Appl. Materials to cut 800 Bay Area Jobs Oct.2   AMD Revenue shortfall warning Sep.5   Santa Clara SONICblue cuts 25% work force $5 toll to cross span Aug.29   Sun Sun to hit bottom part of revenue Aug.22   San Jose Executive sues junk faxer for $2.2 trillion Jul.19   Sun Sun Shares Off 27% Jul.16   Intel 4,000 jobs trimmed
  Chip-making giant posted disappointing second-quarter earnings. Most of the reductions will be made through attrition Napster files for Chapter 11 bankruptcy

year 2001 Top ^

Sep.26   Santa Clara Exodus files for bankruptcy protection Jul.26   San Jose JDS to cut 7,000 additional jobs HP cutting 6,000 jobs May.29   Sun Sun Microsystems lowers forecasts May.8   Cisco Cisco posts first quarterly loss Mar.9   Cisco Cisco cut 8,000 jobs
  Stock price plunged to a 52-week low dropping 10%

year 2000 Top ^

Examiner ends after 113 years
Feb.7   Yahoo Yahoo, eBay crippled by hackers  eBay, Amazon.com and Buy.com, along with Yahoo, news site CNN.com, online trading sites E*Trade and Datek,