The shrinking of the tech sector threatens creativity and new thinking
By Christopher Lochhead, strategy advisor and former chief marketing officer, Mercury Interactive
Is Silicon Valley at risk of becoming Detroit 2.0 -- a company town dominated by a handful of big, uninspired conglomerates?
Consolidation is replacing innovation as the hot strategy. During his company's battle for PeopleSoft, Oracle CEO Larry Ellison declared that the software industry has entered a "period of contraction and consolidation."
Talk about a self-fulfilling prophesy: Oracle has gobbled up at least a dozen more companies since it closed the PeopleSoft deal in 2005, and a big purchase of Sun Microsystems is pending. And other companies widely are expected to follow Oracle's acquisitive ways.
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