- SCU Home Page
- About SCU
- On Campus
- News & Info
University Press Releases
SCU survey finds improved business conditions in Silicon Valley
Thursday, Mar. 3, 2005
SANTA CLARA, Calif. – March 3, 2005 - Business has improved for Silicon Valley at last and will be much better six months from now, say the region’s managers and executives in a recent survey of business conditions. The February Santa Clara University Business Index (SCUBI) showed major improvement in both current and expected business conditions for Bay Area businesses, with the index of expected future business conditions stepping up from 58.42 (out of 100)in January to 62.00 in February.
The increase represents a major improvement in managers' assessment of business conditions, which has remained relatively flat since August 2004, when the index stood at 57.90. “These results are consistent with those of other surveys, such as the Business Roundtable and Manpower, both of which show expected improvement in the
The SCU faculty survey team said this may be a sign that the
The index of current economic conditions also showed a marked improvement over the last month, increasing from 55.50 in January to 59.75 in February. The index had been relatively flat over the last six months, having stood at 54.30 in August 2004.
Survey participants were also asked about the anticipated effect of FASB (Financial Accounting Standards Board) Standard 123, which requires public companies to expense executive stock options starting in June 2005. Managers and executives were asked about the impact of FASB 123 on their company's ability to attract and retain key employees. The response was evenly split between those who thought it would be negative for their company (49 percent) and those who thought it there would be no effect on their company (49 percent). No one believed that it would help their company attract or retain key employees.
Since February 2002, the SCU Business Index has asked managers and executives in a wide range of businesses in
Media : Dr. Mario Belotti is available to comment on survey results and on business conditions in
This monthly business indicator, the only one of its kind for the
About the Leavey
The Leavey School of Business at
Santa Clara University, a comprehensive Jesuit, Catholic university located in California’s Silicon Valley, offers its 8,213 students rigorous undergraduate curricula in arts and sciences, business, and engineering, plus master’s and law degrees. Distinguished nationally by the second-highest graduation rate among all