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Valley Buzz: Apple's Temporary Ban on iPhones, Our Chatty Congress, Gartner's Dire Semiconductor Projection and All Hail King Perez

Posted Feb 25, 2009 05:08pm EST by Sarah Lacy in Investing, Internet, Media, Semiconductors, Commodities, Recession

By mid-morning in Silicon Valley, there was one big story that no one was talking about: What was going on at the Apple Shareholder meeting. That’s because Apple refused to allow any computers or devices in. That’s right, not even iPhones. That means-- gasp!-- no live blogging, live streaming or live Twittering.

Should President Barack Obama be just as draconian with his meetings? At last night’s joint session of congress, lawmakers came down with Twitter fever offering live updates, opinions and even catty missives from their Blackberries as Obama spoke. The press may fawn over Twitter in other cases, but many a blogger and reporter rebuked lawmakers for acting like teenage girls, suggesting congress focus on changing the country instead.

Critics have a point. But the beauty of Twitter is that it peels away the bland veneers normally constructed by lawyers and publicists to reveal that all people—no matter how high the pedestal we put them on—are just people. It’s done wonders for celebrities like Shaquille O’Neal, giving them new ways to connect directly with fans. Couldn’t members of congress benefit from connecting with constituents in an authentic way? Maybe, just not while the President is giving a State of the Nation address...

It wouldn’t be an issue of Valley Buzz without some bad economic news. Research firm Gartner says worldwide semiconductor revenue will decline 24% in 2009, not returning to 2008 volumes until 2013. Ouch. Just a few months ago, Gartner estimated semiconductor revenues would decline 16%. The steep drop in expectations shows the continuing uncertainty—and increasing panic—about just how steep and prolonged the downturn’s effect on technology will be. The good news is Gartner expects positive growth to pick back up in 2010, but after a near-30% drop wouldn’t it be hard to fall further? For those who like comparing recessions, semiconductor revenues fell a record 32% in the 2001 recession. Here’s hoping Gartner doesn’t reset expectations again in a few months signaling a new record.

In the age-old tug of war for bragging rights between Silicon Valley and Hollywood, Perez Hilton has scored one over all tech bloggers. The irascible pink-haired imp racked up an whopping 14 million page views yesterday. To put that in context, Huffington Post has never done more than 7.7 million in one day. Twice as many people reading about celebrities than politics? Sad, but sounds about right. With those kinds of numbers, concerns that the blog’s value is too concentrated on one person flies out the window. Perez is a new media force, period.

Finally, yesterday we brought you fears about social networks corrupting our children. Today, there's a study that says texting actually improves kids’ language skills. So the next generation may have ADD, but the good news is they’ll know how to write when they can sit still. That’s something, right?

8 Comments

__A_YAHOO_USER__
__A_YAHOO_USER__ - Wednesday February 25, 2009 09:59PM EST

Hollywood is a waste of time........full of hypocrazy...........hollywood is an agent of crimes, violence,murder, drugs ,gangster ,addiction, and thefts, it lost already the moral value of the movie......

Homey
Homey - Wednesday February 25, 2009 11:13PM EST

Tell it like it is. You Go Johnny Ike!!

CyrusW
CyrusW - Thursday February 26, 2009 12:17AM EST

What? You mean congress people are supposed to Listen to the Prez? Not send tweets to their peeps? What kind of congress do you want, a bunch of grinds?

__A_YAHOO_USER__
__A_YAHOO_USER__ - Thursday February 26, 2009 12:18AM EST

meh

__A_YAHOO_USER__
__A_YAHOO_USER__ - Thursday February 26, 2009 12:48AM EST

American Culture is now based in hollywood hypocrazy,crimes violence ,theif , murder, divorce, drug addiction, swindle, gamgster, ,violence......All kinds of bad infloence, hollywood is an agent.......

Carmine
Carmine - Thursday February 26, 2009 07:55AM EST

why dont you repeat yourself one more time so everyone can see how witty you are,,,

Yahoo! Finance User
Yahoo! Finance User - Thursday February 26, 2009 09:29AM EST

Hollywood is the bringer of decay to our Country. And they make millions while destroying us internally.

Yahoo! Finance User
Yahoo! Finance User - Thursday February 26, 2009 10:01AM EST

asdf

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