Silicon Valley is once again re-inventing itself, and the timing is excellent.
These have been brutal months for so many tech workers here, with big companies like Intel, Google, Yahoo, Cisco, Microsoft, National Semiconductor and dozens of others slashing tens of thousands of positions.
It has been gut-wrenching to watch.
And sadly, for an area so steeped in creating new paradigms of efficiency and the next generation of new technology, the lesson from this downturn is all about the concept of doing more with less. Meaning, even when this economy turns around, companies will not be inviting workers back because the ones who were left were able to absorb the additional work.
It's a trend so clearly detailed with the latest earnings reports: Toplines continued to contract, but bottomlines continued to grow. Companies found new ways to squeeze more money to the profit column even as they slashed billions in expenses.
And while that's been the operating mantra here, new innovations and major new tech trends are gaining traction. Green tech, which saw so much hype during the campaign last year, and in the early days of the Obama Administration, is now showing some fire under all that smoke.