[tarr11]

Even in 2008, there was a lot of denial about the impact of the downturn on Silicon Valley.

"And they assert that they are not feeling anything like the pain that followed the collapse of the dot-com bubble, which led to big job losses, an exodus of talent, a plunging commercial real estate market and a significant drop in investment in start-up companies."

[tim333]

Denial? Isn't their statement true that the impact of 2008 on Silicon Valley was not as bad as the dot com crash?