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Executives tell SCU Business Index that business prospects are the best since early 2002

SANTA CLARA, Calif. – Nov. 25, 2003 – Business prospects for Silicon Valley companies are the brightest they have been in nearly two years, according to the latest Silicon Valley Business Index released today by Leavey School of Business at Santa Clara University.

The “Santa Clara University Business Index, Silicon Valley Outlook” reported today that its November survey showed a significant increase in the number of executives and managers expecting that business conditions for their companies will improve in the next six months.

The latest index shows that “the Silicon Valley business environment is about to begin a period of rapid improvement,” said SCU economics professor Mario Belotti, “and that’s consistent with national consumer sentiment.”

Belotti said that both current conditions and future expectations of Silicon Valley business executives are more positive than at any other time in the survey’s 22-month history.

The Santa Clara University Business Index made its public debut a year ago last month. The survey has been tabulating results since February 2002 to affirm its validity and establish trends.

This monthly business indicator, the only one of its kind for the Silicon Valley region, is a composite index that every month tracks business conditions in Silicon Valley companies and their markets, as well as trends in job availability in the region, by polling the region’s executives and managers. It is managed for the Leavey School of Business by The Survey Company. Complete SCU Business Index results and methodology for October and earlier months, can be found at www.surveycompany.com/SCUBI/SVOutlook.html

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Media: Economist Mario Belotti is available for comment on this month’s survey results and on business conditions in Silicon Valley.  Call 408-554-5126 to arrange an interview.

About the Santa ClaraUniversityBusiness Index

This monthly business indicator, the only one of its kind for the Silicon Valley region, is a composite index that every month tracks business conditions in Silicon Valley companies and their markets, as well as trends in job availability in the region, by polling the region’s executives and managers.

The SCU Business Index since February 2002 has asked managers and executives in a wide range of businesses in Silicon Valley to assess their business prospects and the current and future availability of jobs in their companies. It is managed for the Leavey School of Business by The Survey Company.

The Santa Clara University Business Index survey polls several hundred MBA alumni, undergraduate business alumni, and several dozen members of its business advisory board who are employed in managerial and executive positions in Silicon Valley companies.

About The Leavey School of Business

The Leavey School of Business at Santa Clara University began in 1926, and was one of the first business schools in the country to receive national accreditation. Its undergraduate business program has been recognized as one of the best in California, and its MBA program has been ranked in the nation’s top 20 part-time programs. More than 80 percent of its 1,043 MBA students are working professionals in Silicon Valley. For more information, see http://business.scu.edu.

About Santa Clara University

Santa Clara University, a comprehensive Jesuit, Catholic university located in California's Silicon Valley, offers its 8,060 students rigorous undergraduate curricula in arts and sciences, business, and engineering, plus master's and law degrees. Distinguished nationally by the third-highest graduation rate among all U.S. master's universities, California's oldest higher-education institution demonstrates faith-inspired values of ethics and social justice. More information is on line at www.scu.edu.

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<p>Business conditions (blue), customers (green) and job outlook (red) all increased in November SCU Business Index.</p>

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