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Article: Clustered cloisters; Technology industry.(The Cambridge electronics cluster)
- Article from:
- The Economist (US)
- Article date:
- February 21, 2004
CopyrightCOPYRIGHT 2004 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The high-tech industry around Cambridge is hotting up again
NEXT week, Cambridge Silicon Radio (CSR) will go public--the first stockmarket flotation from the high-technology cluster around the university city since late 2000. There'll be no repeat of the high-tech bubble, but Europe's nearest equivalent of Silicon Valley has shaken off the gloom of the bust that followed it.
Cambridge's big success, ARM, a chip designer floated in 1998, briefly had a market value, in early 2000, above [pounds sterling]10 billion ($19 billion now); today's is [pounds sterling]1.3 billion. Life was crazier still for Autonomy, a maker of information-management software: ...