Cleveland Valley vs. Silicon Valley
Yes, it’s true. TheStreet.com’s Jim Cramer sees Cleveland and the surrounding rust belt environs as harboring the next wave of true innovation, trumping even the much vaunted Silicon Valley. From ValleyWag:
At a breakfast event to conclude New York’s Internet Week this morning, TheStreet.com’s Jim Cramer said Valley innovation is all about creating “fancy ways to deliver music and videogames.” The obstreperrific stockpicker said videogame makers Take-Two and Activision are tech’s two most successful companies, other than Apple and Google — and that’s fine, but it’s also a sign Silicon Valley won’t save us from the economic woes the markets gave a hint of last week. Instead, he predicts the Rust Belt — “Cleveland Valley,” Cramer calls it — will. The region, better known as the Cuyahoga River Valley, has had to reposition itself as the home of what Cramer calls “New Tech,” building such marvels as “windmills with blades the size of 747 wings.”
About time…
June 23rd, 2008 at 6:10 am
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