Neither the Afghanistan bombings, the September terror attack or growing recession fears will curtail American dominance of the world's high-tech industries, claimed industry experts speaking at last week's NetEvents European Telecoms and Networking Symposium in Portugal.
Dean Bubley, technology analyst, equities at Granville Baird, argued that the US is poised to tighten its grip on the industry:
"I think in the short term, possibly technology firms in America will dominate even more. I think venture capital is going to gravitate to the real core traditional places for technology. So it will be Silicon Valley again, it will be Boston."
This view was mirrored by analyst firm Infonetics Research. "I cannot imagine the US and Silicon Valley in the immediate term losing any of its dominance," said Infonetics director Kevin Mitchell.
"The country is so far ahead economically that it will be very difficult, when most of the world is looking into recession at this point."
Hewlett Packard's director for strategic planning, Brice Clark, predicted that although America would continue to lead, the computing industry would become increasingly globally dispersed:
"I think America has been and will continue to be an incubator of importance. But it will spread, and I think it's in the planet's best interest to see that."
Rick Koenders, business development manager at telco equipment vendor Mitel, added: "No doubt it is going to be North America that continues to dominate, short of any catastrophic event that would cripple the economy.
"The effects of what happened in September have been tremendous. How long lasting they will be, though, we do not know."
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