While the global economic downturn is set to wipe out some internet start-ups, a lot of Silicon Valley is continuing to do quite well.
While the global economic downturn is set to wipe out some internet start-ups, a lot of Silicon Valley is continuing to do quite well. As reported by Valley Wag, here are the top 10 tech companies as the list now stands:
- China Mobile, $US31 billion – the country’s oil and steel firms are investing overseas, and this wireless company has followed suit.
- Cisco Systems, $US26.2 billion – Following the company’s acquisition strategy of social network sites, a memo to the company’s M&A team read: “Just because it has the word ‘network’ in it doesn’t mean you have to buy it.”
- Microsoft, $US21.2 billion – Although Vista and its marketing campaign with Jerry Seinfeld haven’t proven as popular as expected, the software giant is still doing well.
- Apple, $US20.7 billion – Apple has bounced back from its disappointed stake in the 1990s to be the developer of the world’s highest selling mp3 player – the iPod Nano.
- Google, $US12.7 billion – The release of the G1 phone powered by Google Android software should see the giant move into mobile phone software development.
- Intel, $US12 billion – More investment in chip factories will see this CPU developer continue to grow.
- Nokia, $US10.8 billion – The development of touch screen phones may see this developer become a player in the smartphone market.
- Dell, $US9 billion – the computer firm is being threatened by HP, and will most likely seek to invest in software.
- Motorola, $US7.2 billion – Will need to seek out where its mobile phone sector is going before it makes any huge ground.
- Taiwan Semiconductor, $US7 billion – Would be in a good position to acquire processor developer and Intel rival AMD.