Business

What’s Behind the Cisco Layoffs?

Just over a month ago, San Jose-based Cisco Systems replaced GM on the Dow Jones list of the nation’s biggest companies. Now the networking and communications giant announced that it will be laying off some 700 people at its corporate headquarters in San Jose. The move is part of a larger strategy, announced in November, to reduce spending by $1 billion in fiscal 2009. At the time, the company announced that it “will be targeting reductions in travel and discretionary-related expenses, including offsites, outside services ... and other activities.” The company is now saying that “this limited restructuring is part of our ongoing, targeted realignment of resources.”

Critics are noting that Cisco’s second corporate headquarters in Bangalore, India, is soon to be expanded to 3,000 workers.

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Club Wet’s Permit Pulled

Another downtown club went dark last week as SJPD Chief Rob Davis used the city’s urgency ordinance for the first time, suspending the entertainment permit of the SoFA district’s Club Wet for one month. Recent club closures unrelated to the urgency ordinance include Taste, The Vault Ultralounge and Johnny V’s.  The urgency measure gives the chief broad discretion to close businesses viewed as imminent threats to public safety. The ordinance was passed by the city council two years ago following a shooting incident in the parking lot outside Club Ambassador.

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Will BART Make it to San Jose?

Although it is struggling with a four-year $250 million deficit, BART may yet reach San Jose. The California Transportation Commission will be voting today whether to extend the service. To date, some $400 million has already been allocated to the project, which would add 16.1 miles of track to the line. Today’s vote is for another $40 million, the first installment of an expected $240 million. The total cost is expected to hover around $6.1 billion, much of which will come from federal funding. Santa Clara County voters narrowly approved a 1/8-cent sales tax to help pay for the extension in November.

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Hope Amid the Gloom

In the midst of the city’s worst budget crisis and a worldwide recession, San Jose Mayor Chuck Reed headed a panel yesterday that focused solely on the city’s upside, and new efforts to stimulate local business. “This is a no-bad-news zone,” Reed announced to a crowd of business leaders, investors, building owners and realtors gathered in the San Jose City Hall Rotunda for lunch.

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Tied House: Gone for Good?

Is the Tied House Brewing Co. downtown San Jose"s latest restaurant casualty?

The doors are locked and all the brewing equipment is gone. While the brewery’s web site (tiedhouse.com) says they are closed temporarily for remodeling, Rosemary Colon, assistant manager at the still-open Mt. View location, says the brewpub may not reopen at all.

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Electric Car Wars

Fisker Automotive, designer and builder of boutique hybrid and electric vehicles, came to enemy territory yesterday to debut its Fisker Karma at Santana Row, and to announce the opening of a Silicon Valley retail outlet. But the news was eclipsed by the announcement today that Fisker’s rival, the Silicon Valley-based Tesla Automotive, inked a big-money deal with Daimler Motors.

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The Sidewalks of South First Street

What do Inlaid Thermoplastic Asphalt Pavement Marking Systems have in common with bollard sleeves and Wilshire round planters? Easy. They’re all part of the SoFA District Year One Development Plan—a cosmetic redesign of South First Street between San Carlos and Reed Street.

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National Free-Meal Day

Last Tuesday I had the same exact meal as two million people—two eggs, two strips of bacon, two pancakes, and two pieces of sausage. I feel like a jerk saying this, but I have never felt more connected to my fellow Americans, or our collective condition.

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Gates Gets Political at TED

The annual TED conference is often the most interesting of the big national nerdfests, thanks to its bridging of the worlds of high-tech and the arts (the acronym stands for Technology, Entertainment, Design). Generally, the confab’s biggest buzz comes from some new wonder-device (Jeff Han’s touch-screen demonstration from TED 2006 is still a big hit on YouTube). This year, the Big Story is not one gizmo, but two ideas.

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Blight Makes Right

In an Aug. 13, 2008, cover story, I channeled the Urban Blight Exploration Junkie and raved over the Pink Elephant Center, that landmark rundown strip mall at the corner of King Road and Virginia in San Jose City Council District 5. I had quacked about the place once before in a previous column, but for that travel feature, titled “Postcards from the Edge of San Jose,” in which I mapped out ignored masterpieces in each district, striking visuals were necessary to properly document the shabby outré ugliness of that East Side monument.

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Tesla in Trouble?

Watch Dog Silicon Valley reported yesterday that Tesla Motors faces new competition in the world of cool electric roadsters, and speculates that the company is unlikely to come to turn San Jose into the green Detroit that some have imagined.

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Ta-tas in Garlicville

News that Saratoga developer Ante Bilic is moving forward with plans to convert a Gilroy restaurant into a topless bar has set South County tongues wagging. Some locals are worrying aloud that the proposed Showgirls nightclub would be a crime magnet. Others seem to find some humor in the situation.

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Inspiration at Overfelt

Last month, for the seventh year in a row, the folks at NVIDIA—the Santa Clara–based visual computing giant—decided to do forego their annual company holiday party and commit themselves to a knock-down, drag-out community service effort called Project Inspire. One thousand employees, along with students, friends and family, volunteered and made their way out to Overfelt High School in East San Jose for the shindig last month.

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Is Convention Center Expansion Good For San Jose?

This past week, the San Jose City Council gave its preliminary approval for a $300 million expansion of the San Jose Convention Center. The cost-benefit analysis upon which the council leaned to make its decision raises more questions than answers about the utility of the project. Is the convention center expansion designed to meet the needs of the people of San Jose, or the needs of the San Jose Redevelopment Agency?

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