The tech industry just doesn't get it.
Folks from everyday consumers to corporate chieftains stopped
buying technology. Traders still dump tech stocks.
All the tech industry can do is moan. Accounting rules don't fit
our entrepreneurial style. Writing off bum investments is a burden.
Expensing the largest cost, the human capital that takes stock
options instead of salary, is wrong, too.
And the business climate is just too harsh.
Take a new report from a Los Angeles think tank, Larta. The
report warns if Orange County isn't careful, it might damage, "one
of the most successful technology clusters ever developed."
While Larta says the local hurdles for tech are as much
socio-economic as they are raw science, the report seems to find far
more wrong with county government and local education than??? errors
within an industry that's imploded.
The lack of humility doesn't surprise regional economist Jack
Kyser, who notes, "techies are largely divorced from the real
business world."
Larta's report, done with backing from some O.C. tech
heavyweights, bemoans the difficulty that local tech companies have
finding executive talent in O.C.
Hello! A shortage of skilled, ethical managers was a problem in
many industries in the past decade -- especially in a business like
tech, which usually sees no benefit from leaders outside its cliquey
cocoon.
Some local tech execs complain that it's difficult making
educational partnerships with UC Irvine, considered to be tech's
local intellectual hub. UCI, the report adds, doesn't graduate
enough engineers.
Excuse me! Who said UCI should be an engineering mill? Does an
industry that squandered billions in investment dollars now need a
handout from the state?
Also, a shortage of affordable housing in the county ??? is also
an impediment to the tech business, Larta says.
Duh! It's a challenge to every business here. Yet Larta has the
nerve to hint that Orange Countians may be too fond of their ???open
space that limits new housing, and that, "residents need to embrace
the emerging character of the county."
Plus, Larta argues there's not enough transportation alternatives
in Orange County and turning the El Toro air base into a park is a
mistake. ???
Really? Maybe the local communications chip wizards could perfect
video-conferencing and other telecommuting technologies instead of
lecturing on what constitutes a decent quality of life in a
neighborhood.
Don't get me wrong. Tech is solid business to have.
Larta claims there are 100,000 tech jobs in the county, liberally
borrowing 40 percent of that sum from biomedical and defense
industries. Even allowing that broad definition, tech's no bigger
than the local restaurant or financial services industries. I don't
hear those groups whining as loudly.
Tech execs need to stare themselves in the mirror. Nobody's
buying into new technologies because the mainstream audience was
burnt before by overhyped gizmos.
It's not the Orange County landscape, folks.
It's the products.