Rumor Has It (stylized as Rumor Has It... in the U.S. market) is a 2005 American romantic comedy film directed by Rob Reiner , and starring Jennifer Aniston , Kevin Costner , Shirley MacLaine and Mark Ruffalo . The concept of the screenplay by Ted Griffin is that a woman learns that her mother and grandmother may be the inspiration for the 1963 novel The Graduate by Charles Webb . The film received negative reviews from critics and was a box office disappointment, grossing $ 88.9 million against its $ 70 million budget.
83-504: Rumor Has It may refer to: Film and television [ edit ] Rumor Has It (film) , a 2005 romantic comedy film Rumor Has It (game show) , a 1993 game show on VH1 Rumour Has It , a 2016 series by Ndani TV "Rumor Has It", a season 5 episode of The Loud House Music [ edit ] "Rumour Has It" (Donna Summer song) , 1978 Rumor Has It (Reba McEntire album) , 1990 "Rumor Has It" (Reba McEntire song) ,
166-513: A "comic turd" and adding, "The creepy script, by T.M. Griffin, is directed by Rob Reiner in a sleepwalking daze that Costner emulates by rotely repeating his performance in The Upside of Anger and in the process squeezing all the juice." Brian Lowry of Variety said, "As muddled in most respects as its title, Rumor Has It... begins with an intriguing premise ... but it devolves into a bland romance spiced with too little comedy ... There's
249-403: A brief uncredited non-speaking cameo as himself. Screenwriter Ted Griffin was the initial director, but problems arose soon after principal photography began on July 21, 2004. The production fell several days behind schedule in the first week, and on August 5, Griffin fired cinematographer Edward Lachman from the project. Griffin was, in turn, let go by executive producer Steven Soderbergh
332-412: A charity ball, where she meets Beau's son Blake. Beau explains his wife wanted a biological child and was artificially inseminated with a sperm donor to become pregnant. Mollified, Sarah kisses him and is caught by Jeff, who has returned to California to find her after not hearing from her since she met Beau. An argument ensues and Jeff leaves her. Dejected, Sarah returns to visit Katharine, who flies into
415-853: A city of only 50,000 people, "the densest concentration of lawyers" in the United States outside of Washington, D.C. By the year 2000, large law firms from all over the world were rushing to establish offices in the mid-Peninsula region on or near Sand Hill Road, and Silicon Valley law firms had become global trendsetters in that they were the first legal services employers to adopt business casual apparel (in imitation of their startup clients). During this era, lawyers evolved from their relatively narrow conventional role as protectors of intellectual property into business advisers, intermediaries, and dealmakers, and thereby acquired great prominence in Silicon Valley. For young entrepreneurs new to
498-441: A computer network, which he imagined as an electronic commons open to all, the main and essential medium of informational interaction for governments, institutions, corporations, and individuals. As head of IPTO from 1962 to 1964, "Licklider initiated three of the most important developments in information technology: the creation of computer science departments at several major universities, time-sharing, and networking." In 1969,
581-487: A germ of an idea here, but Reiner and Griffin race through the plot beats so rapidly that poor Sarah seldom has time to breathe, which also describes the movie ... [Aniston] never settles down enough to offer more than a shrill whine and pained expression." The film opened at number 10 at the U.S. box office, on 2,815 screens on Christmas Day 2005, and earned $ 3,473,155 on that first day. It eventually grossed $ 43,000,262 domestically and $ 45,933,300 in international markets for
664-636: A highly successful and very wealthy Silicon Valley Internet wizard, is giving a speech. She meets him, and he admits to sleeping with her mother and grandmother but assures Sarah he couldn't be her father because he is sterile after having suffered blunt testicular trauma while playing a soccer game in high school. They go out for drinks, and the following morning Sarah wakes up in Beau's bed in his Half Moon Bay home – the third generation in her family to have sex with Beau. Although guilt-stricken by her behavior, Beau convinces Sarah to be his date at
747-469: A loss to say just how. Ms. MacLaine and Mr. Costner are seasoned professionals, giving lackluster laugh lines more juice than they deserve, and Jennifer Aniston is as plucky and engaging as ever ... [but her] efforts are wasted in a movie that can't even seem to sustain interest in itself." Roger Ebert of the Chicago Sun-Times observed, "The plot ... sounds like a gimmick. That's because it
830-599: A major site of United States Navy research and technology. In 1909, Charles Herrold started the first radio station in the United States with regularly scheduled programming in San Jose . Later that year, Stanford University graduate Cyril Elwell purchased the U.S. patents for Poulsen arc radio transmission technology and founded the Federal Telegraph Corporation (FTC) in Palo Alto . Over
913-403: A rage when she learns Beau has slept with her granddaughter. The two learn Annie suffered an anxiety attack while flying to her honeymoon and wants to talk to Sarah. Sarah tells her about the sexual relationship three generations of Richelieu/Huttinger women have had with Beau. She reassures Annie she truly is in love with her husband, Scott, and in doing so, realizes she's ready to marry Jeff. It
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#1732801696711996-494: A result of the high technology sector, the San Jose-Sunnyvale-Santa Clara, CA Metropolitan Statistical Area has the most millionaires and the most billionaires in the United States per capita, although the venture capital ecosystem has grown more geographically decentralized over time. The region is the biggest high-tech manufacturing center in the United States. The unemployment rate of the region
1079-414: A single from the album Rumor Has It (Clay Walker album) , 1997 "Rumor Has It" (Clay Walker song) , a single from the album Rumor Has It: Astaroth Has Stolen Your Eyes , a 2006 album by Catherine Rumor Has It , a fictional talk show featured in the 2008 music video " La La Land " by Demi Lovato "Rumour Has It" (Adele song) , 2011 Other uses [ edit ] "Rumor Has It",
1162-585: A single-person household was $ 14,891. Thousands of high technology companies are headquartered in Silicon Valley. Among those, the following are in the Fortune 1000 : Additional notable companies headquartered in Silicon Valley (some of which are defunct, subsumed, or relocated) include: Silicon Valley has a population of 3.1 million as of 2020. A 1999 study by AnnaLee Saxenian for the Public Policy Institute of California reported that
1245-404: A solid cast, but is too lightweight to fully register." Metacritic gave the film a weighted average score of 35 out of 100 based on 29 critics, indicating "generally unfavorable reviews". Audiences polled by CinemaScore gave the film an average grade of "B" on an A+ to F scale. A. O. Scott of The New York Times said, "I suppose Rumor Has It could be worse, though at the moment I'm at
1328-605: A table while a deal was being discussed?" Silicon Valley firms' board of directors are composed of 15.7% women compared with 20.9% in the S&;P 100. The 2012 lawsuit Pao v. Kleiner Perkins was filed in San Francisco County Superior Court by executive Ellen Pao for gender discrimination against her employer, Kleiner Perkins . The case went to trial in February 2015. On March 27, 2015,
1411-462: A third of Silicon Valley scientists and engineers were immigrants and that nearly a quarter of Silicon Valley's high-technology firms since 1980 were run by Chinese (17 percent) or Indian descent CEOs (7 percent). There is a stratum of well-compensated technical employees and managers, including tens of thousands of "single-digit millionaires". This income and range of assets will support a middle-class lifestyle in Silicon Valley. In November 2006,
1494-728: A worldwide box office total of $ 88,933,562. The film was released on DVD on May 9, 2006. It has grossed $ 21 million in US DVD sales. Silicon Valley Silicon Valley is a region in Northern California that is a global center for high technology and innovation . Located in the southern part of the San Francisco Bay Area , it corresponds roughly to the geographical area of the Santa Clara Valley . The term "Silicon Valley" refers to
1577-460: Is a gimmick. But it's a good gimmick. And Rumor Has It works for good reasons, including sound construction and the presence of Kevin Costner ... a natural actor with enormous appeal ... This is not a great movie, but it's very watchable and has some good laughs. The casting of Aniston is crucial, because she's the heroine of this story, and ... has the presence to pull it off." Mick LaSalle of
1660-608: Is also represented in the number of new companies founded by women as well as the number of women-lead startups that receive venture capital funding. Wadhwa said he believes that a contributing factor is a lack of parental encouragement to study science and engineering. He also cited a lack of women role models and noted that most famous tech leaders—like Bill Gates , Steve Jobs , and Mark Zuckerberg —are men. As of October 2014, some high-profile Silicon Valley firms were working actively to prepare and recruit women. Bloomberg reported that Apple, Facebook, Google, and Microsoft attended
1743-419: Is also revealed that Earl was the one who accidentally caused Beau's testicular trauma. This makes Beau somewhat nervous to be around him, though Katherine is quite pleased by the revelation. Earl reveals to Sarah he always knew about Jocelyn and Beau's affair. Jocelyn returned to him because she loved him and he was someone she could build a life with. On the night she returned, Sarah was conceived. This explained
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#17328016967111826-426: Is different from Wikidata All article disambiguation pages All disambiguation pages Rumor Has It (film) In 1997, Sarah Huttinger, an obituary and wedding announcement writer for The New York Times , returns to her hometown of Pasadena, California , for her younger sister Annie's wedding, accompanied by her fiancé, lawyer Jeff Daly. When Sarah tells her grandmother Katharine Richelieu that she
1909-465: Is home to many of the world's largest high-tech corporations , including the headquarters of more than 30 businesses in the Fortune 1000 , and thousands of startup companies . Silicon Valley also accounts for one-third of all of the venture capital investment in the United States, which has helped it to become a leading hub and startup ecosystem for high-tech innovation, although the tech ecosystem has recently become more geographically dispersed. It
1992-409: Is unsure about getting married, Katharine lets slip that her late daughter, Sarah's mother Jocelyn, ran off to Cabo San Lucas a week before her own wedding. Sarah visits her mother's best friend, Aunt Mitsy, who confirms that Jocelyn spent time with their prep school classmate Beau Burroughs the week before her wedding to Sarah's father Earl and that Beau was friends with Charles Webb , the author of
2075-585: The Peninsula Times Tribune described a Palo Alto company that "helps production people in Silicon Valley." However, the term did not gain widespread use until the early 1980s, at the time of the introduction of the IBM PC and numerous related hardware and software products to the consumer market. The urbanized area is built upon an alluvial plain within a longitudinal valley formed by roughly parallel earthquake faults. The area between
2158-597: The San Francisco Chronicle said, "The movie has that fatal triptych that is becoming Reiner's romantic-comedy signature: drippy sentiment, zany scenes that trivialize the characters and a horror of adventure ... needless to say, Rumor Has It fails as a successor to The Graduate . It fails artistically but also philosophically, in that it rebuts the spirit of the earlier film while offering nothing attractive in its place." Peter Travers of Rolling Stone awarded it one out of four stars, calling it
2241-512: The East Coast of the United States . From the 1890s, Stanford University's leaders saw its mission as service to the (American) West and shaped the school accordingly. At the same time, the perceived exploitation of the West at the hands of eastern interests fueled booster-like attempts to build self-sufficient local industry. Thus regionalism helped align Stanford's interests with those of
2324-639: The Intel 8080 , the second 8-bit microprocessor designed and manufactured by Intel . On April 23, 1963, J. C. R. Licklider , the first director of the Information Processing Techniques Office (IPTO) at The Pentagon 's ARPA issued an office memorandum addressed to Members and Affiliates of the Intergalactic Computer Network . It rescheduled a meeting in Palo Alto regarding his vision of
2407-584: The MITS Altair microcomputer, the first unit sent to the area for review by People's Computer Company . Steve Wozniak and Steve Jobs credit that first meeting with inspiring them to design the original Apple I and (successor) Apple II computers. As a result, the first preview of the Apple I was given at the Homebrew Computer Club. Subsequent meetings were held at an auditorium at
2490-544: The Shockley diode ), but the design was considerably more difficult to build than the "simple" transistor. In 1957, Shockley decided to end research on the silicon transistor. As a result of Shockley's abusive management style, eight engineers left the company to form Fairchild Semiconductor ; Shockley referred to them as the " traitorous eight ". Two of the original employees of Fairchild Semiconductor, Robert Noyce and Gordon Moore , would go on to found Intel . Following
2573-624: The Stanford Industrial Park (later Stanford Research Park ). Terman invited only high-technology companies. The first tenant was Varian Associates , founded by Stanford alumni in the 1930s to build military-radar components. Terman also found venture capital for civilian-technology start-ups. Hewlett-Packard became one of the major success-stories. Founded in 1939 in Packard's garage by Stanford graduates Bill Hewlett and David Packard , Hewlett-Packard moved its offices into
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2656-565: The Stanford Linear Accelerator Center . Although semiconductors are still a major component of the area's economy, Silicon Valley has been most famous in recent years for innovations in software and Internet services. Silicon Valley has significantly influenced computer operating systems, software , and user interfaces. Using money from NASA , the US Air Force , and ARPA , Douglas Engelbart invented
2739-547: The Stanford Research Institute (now SRI International), operated one of the four original nodes that comprised ARPANET , predecessor to the Internet . By the early 1970s, there were many semiconductor companies in the area, computer firms using their devices, and programming and service companies serving both. Industrial space was plentiful and housing was still inexpensive. Growth during this era
2822-768: The University of California, Davis released a report analyzing business leadership by women within the state. The report showed that although 103 of the 400 largest public companies headquartered in California were located in Santa Clara County (the most of all counties), only 8.8% of Silicon Valley companies had women CEOs. This was the lowest percentage in the state. (San Francisco County had 19.2% and Marin County had 18.5%.) Silicon Valley tech leadership positions are occupied almost exclusively by men. This
2905-617: The mouse and hypertext-based collaboration tools in the mid-1960s and 1970s while at Stanford Research Institute (now SRI International), first publicly demonstrated in 1968 in what is now known as The Mother of All Demos . Engelbart's Augmentation Research Center at SRI was also involved in launching the ARPANET (precursor to the Internet ) and starting the Network Information Center (now InterNIC ). Xerox hired some of Engelbart's best researchers beginning in
2988-608: The "preprofit" stage. Prior to 1970, most Northern California lawyers were based in San Francisco, especially the experienced patent attorneys whom the high-tech industry needed to protect its intellectual property. During the 1970s, lawyers began to follow venture capitalists down the Peninsula to serve the booming high-tech industry in Silicon Valley. As of 1999, there were 2,400 lawyers practicing law in Palo Alto,
3071-399: The 1959 inventions of the monolithic integrated circuit (IC) chip by Robert Noyce at Fairchild, the first commercial MOS IC was introduced by General Microelectronics in 1964. The first single-chip microprocessor was the Intel 4004 , designed and realized by Federico Faggin along with Ted Hoff , Masatoshi Shima and Stanley Mazor at Intel in 1971. In April 1974, Intel released
3154-508: The 20 most inventive towns in America were in California, and 10 of those were in Silicon Valley. San Jose led the list with 3,867 utility patents filed in 2005, and number two was Sunnyvale, at 1,881 utility patents. Silicon Valley is also home to a significant number of " Unicorn " ventures, referring to startup companies whose valuation has exceeded $ 1 billion dollars . A world-renowned technology hub, San Francisco Bay Area has
3237-681: The 20th annual Grace Hopper Celebration of Women in Computing conference to actively recruit and potentially hire female engineers and technology experts. The same month, the second annual Platform Summit was held to discuss increasing racial and gender diversity in tech. As of April 2015 experienced women were engaged in creation of venture capital firms which leveraged women's perspectives in funding of startups. After UC Davis published its Study of California Women Business Leaders in November 2006, some San Jose Mercury News readers dismissed
3320-587: The Stanford Research Park shortly after 1953. In 1954 Stanford originated the Honors Cooperative Program to allow full-time employees of the companies to pursue graduate degrees from the university on a part-time basis. The initial companies signed five-year agreements in which they would pay double the tuition for each student in order to cover the costs. Hewlett-Packard has become the largest personal-computer manufacturer in
3403-489: The United States . Other major Silicon Valley cities include Santa Clara , Redwood City and Cupertino . The San Jose Metropolitan Area has the third-highest GDP per capita in the world (after Zürich , Switzerland and Oslo , Norway ), according to the Brookings Institution . As of June 2021, it also had the highest percentage of homes valued at $ 1 million or more in the United States. Silicon Valley
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3486-511: The United States. A 2023 report found that the aggregate household wealth of Silicon Valley (including ultra-high net worth individuals ) was nearly $ 1.1 trillion, and less than 1% of the Valley's population held 36% of the wealth. Conversely, as of 2021, 23% of Silicon Valley residents were living below the poverty line . However, the meaning of the term "poverty" is dependent upon context; in Silicon Valley, it means something different because of
3569-548: The Valley's mysterious ways, their lawyer often served as their first coach, mentor, teacher, friend, and cheerleader who helped connect them to the Valley's startup ecosystem. As of 2022, the San Jose-Sunnyvale-Santa Clara metropolitan area had the highest average wage for lawyers in the United States, at $ 267,840. The Homebrew Computer Club was an informal group of electronic enthusiasts and technically minded hobbyists who gathered to trade parts, circuits , and information pertaining to DIY construction of computing devices. It
3652-575: The area around Moffett Field to serve the Navy. When the Navy gave up its airship ambitions and moved most of its west coast operations to San Diego , the National Advisory Committee for Aeronautics (NACA, forerunner of NASA ) took over portions of Moffett Field for aeronautics research. Many of the original companies stayed, while new ones moved in. The immediate area was soon filled with aerospace firms, such as Lockheed , which
3735-587: The area in which high-tech business has proliferated in Northern California, and it also serves as a general metonym for California's high-tech business sector. The cities of Sunnyvale , Mountain View , Palo Alto and Menlo Park are frequently cited as the birthplace of Silicon Valley. San Jose is Silicon Valley's largest city, the third-largest in California , and the 13th-most populous in
3818-424: The area's high-tech firms. Frederick Terman , as Stanford University's dean of the school of engineering from 1946, encouraged faculty and graduates to start their own companies. In 1951 Terman spearheaded the formation of Stanford Industrial Park (now Stanford Research Park , an area surrounding Page Mill Road , south west of El Camino Real and extending beyond Foothill Expressway to Arastradero Road), where
3901-414: The basis for many electronic developments for decades. Both Frederick Terman and William Shockley are often called "the father of Silicon Valley". Unlike many other researchers who used germanium as the semiconductor material, Shockley believed that silicon was the better material for making transistors. Shockley intended to replace the current transistor with a new three-element design (today known as
3984-548: The basis of its growth and success. The United States was more friendly than other countries to business investment, charging much lower taxes on capital gains since the Revenue Act of 1921 , and featuring particularly loose free market controls over new business. In 1953, the Small Business Administration was created to foster startups , giving a boost to entrepreneurs. Northern California
4067-467: The chemicals used in the manufacture of integrated circuits . Technical, engineering, design, and administrative staffs were in large part well compensated. Silicon Valley has a severe housing shortage , caused by the market imbalance between jobs created and housing units built: from 2010 to 2015, many more jobs have been created than housing units built. (400,000 jobs, 60,000 housing units) This shortage has driven home prices extremely high, far out of
4150-667: The diversity hire. He described being isolated from his team, and constantly having to prove he could do the job he was hired for. In 2014, tech companies Google , Yahoo! , Facebook , Apple , and others, released corporate transparency reports that offered detailed employee breakdowns. In May, Google said 17% of its tech employees worldwide were women, and, in the U.S., 1% of its tech workers were black and 2% were Hispanic/Latino . June 2014 brought reports from Yahoo! and Facebook. Yahoo! said that 15% of its tech jobs were held by women, 2% of its tech employees were black and 4% Hispanic. Facebook reported that 15% of its tech workforce
4233-510: The early 1970s. In turn, in the 1970s and 1980s, Xerox's Palo Alto Research Center (PARC) played a pivotal role in object-oriented programming, graphical user interfaces (GUIs), Ethernet , PostScript , and laser printers . While Xerox marketed equipment using its technologies, for the most part its technologies flourished elsewhere. The diaspora of Xerox inventions led directly to 3Com and Adobe Systems , and indirectly to Cisco , Apple Computer , and Microsoft . Apple's Macintosh GUI
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#17328016967114316-476: The faults subsided into a graben or dropped valley. Hoefler defined Silicon Valley as the urbanized parts of "the San Francisco Peninsula and Santa Clara Valley". Before the expansive growth of the tech industry, the region had been the largest fruit-producing and packing region in the world up through the 1960s, with 39 fruit canneries. The nickname it had been known as during that period
4399-455: The first journalist to use the term in a news story. His article "Silicon Valley U.S.A." was published in the January 11, 1971, issue of the weekly trade newspaper Electronic News . In preparation for this report, during a lunch meeting with marketing people who were visiting the area, he heard them use the term. Earlier uses outside journalism exist; for example, a May 1970 advertisement in
4482-459: The first quarter of 2023. More traditional industries also recognize the potential of high-tech development, and several car manufacturers have opened offices in Silicon Valley to capitalize on its entrepreneurial ecosystem . Manufacture of transistors was for a long time the core industry in Silicon Valley. The workforce was for the most part composed of Asian and Latino immigrants who were paid low wages and worked in hazardous conditions due to
4565-537: The following day, and the production shut down to allow replacement Rob Reiner to make script, cast, and crew changes before resuming filming on August 18. Reiner replaced initial cast members Charlie Hunnam , Lesley Ann Warren , Tony Bill , and Greta Scacchi . All tracks are written by Nellie McKay except where noted On review aggregator Rotten Tomatoes , the film holds an approval rating of 21% based on 116 reviews, with an average rating of 4.50/10. The site's critics consensus reads: "This riff on The Graduate has
4648-485: The high cost of living to the success of the industries in this region. Although, this rift between high and low salaries is driving many residents out who can no longer afford to live there. In the Bay Area , the number of residents planning to leave within the next several years has had an increase of 35% since 2016, from 34% to 46%. The wealth inequality in Silicon Valley is more pronounced than in any other region of
4731-641: The jury found in favor of Kleiner Perkins on all counts. Nevertheless, the case, which had wide press coverage, resulted in major advances in consciousness of gender discrimination on the part of venture capital and technology firms and their women employees. Two other cases have been filed against Facebook and Twitter. A 2017 study showed that white males made up the majority of higher positions, with 58.7% holding executive positions and 46.5% being managers. The second highest position holders were Asian men, with 16.3% having executive positions and 17.9% being managers. African/Black and Hispanic/Latino people had
4814-408: The largest concentration of high-tech companies in the United States, at 387,000 high-tech jobs, of which Silicon Valley accounts for 225,300 high-tech jobs. Silicon Valley has the highest concentration of high-tech workers of any metropolitan area, with 285.9 out of every 1,000 private-sector workers. Silicon Valley has the highest average high-tech salary in the United States at $ 144,800. Largely
4897-534: The lowest percentages in all categories. Harvard Business Review published an article in 2018 discussing diversity and inclusion and gave statistics on black employees along with advice to future black technicians. LeRon L. Barton, a black man who spent over two decades in Tech, gave an insight on his work experiences. He said he saw no one who looked like him in his profession and said he received many comments that he believed disregarded his skill such as being called
4980-655: The next decade, the FTC created the world's first global radio communication system, and signed a contract with the Navy in 1912. In 1933, Air Base Sunnyvale , California, was commissioned by the United States Government for use as a Naval Air Station (NAS) to house the airship USS Macon in Hangar One . The station was renamed NAS Moffett Field , and between 1933 and 1947, U.S. Navy blimps were based there. A number of technology firms had set up shop in
5063-505: The novel The Graduate . Jeff points out Sarah's parents were married just short of nine months before her birth, leading her to wonder if Beau might really be her biological father. Sarah also accuses her grandmother of being the inspiration for Mrs. Robinson, the older character who seduced the young man in The Graduate , who later ran away with her daughter. After the wedding, Sarah decides to fly to San Francisco, where Beau, now
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#17328016967115146-474: The origins of Silicon Valley firms, including via investments from Fairchild 's eight co-founders. The key investors in Kleiner Perkins and Sequoia Capital were from the same group, directly leading to Tech Crunch 2014 estimate of 92 public firms of 130 related listed firms then worth over US$ 2.1 trillion with over 2,000 firms traced back to them. Another important pillar of the Valley's success
5229-440: The possibility that sexism contributed in making Silicon Valley's leadership gender gap the highest in the state. A January 2015 issue of Newsweek magazine featured an article detailing reports of sexism and misogyny in Silicon Valley. The article's author, Nina Burleigh , asked, "Where were all these offended people when women like Heidi Roizen published accounts of having a venture capitalist stick her hand in his pants under
5312-528: The predecessor to Craigslist began operations. Silicon Valley is generally considered to have been the center of the dot-com bubble , which started in the mid-1990s and collapsed after the NASDAQ stock market began to decline dramatically in April 2000. During the bubble era, real estate prices reached unprecedented levels. For a brief time, Sand Hill Road was home to the most expensive commercial real estate in
5395-554: The range of production workers. As of 2016 a two-bedroom apartment rented for about $ 2,500 while the median home price was about $ 1 million. The Financial Post called Silicon Valley the most expensive U.S. housing region. Homelessness is a problem with housing beyond the reach of middle-income residents; there is little shelter space other than in San Jose which, as of 2015, was making an effort to develop shelters by renovating old hotels. The Economist also attributes
5478-499: The region's severe housing shortage and high housing prices. As of 2023, the low-income poverty threshold set by the California Department of Housing and Community Development for single-person households in the counties of San Francisco, San Mateo, and Marin was $ 104,400, followed by $ 96,000 for the county of Santa Clara. In contrast, the 2023 national low-income poverty threshold set by the U.S. Census Bureau for
5561-488: The slightly early timing between her parents' wedding and her own birth. Determined to win Jeff back, Sarah returns to New York City and tells her fiancé about her feelings. They reconcile on the condition that if they ever have a daughter, she will not be allowed anywhere near Beau. The film ends with Sarah and Jeff's wedding. In addition, Kathy Bates appears, uncredited, in the role of Aunt Mitsy, while George Hamilton has
5644-486: The tagline for the website Snopes.com Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Rumor Has It . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Rumor_Has_It&oldid=1168258318 " Category : Disambiguation pages Hidden categories: Short description
5727-630: The term "Silicon Valley" came to have two definitions: a narrower geographic one, referring to Santa Clara County and southeastern San Mateo County , and a metonymical definition referring to high-tech businesses in the entire Bay Area. The term Silicon Valley is often used as a synecdoche for the American high-technology economic sector . The name also became a global synonym for leading high-tech research and enterprises, and thus inspired similarly named locations , as well as research parks and technology centers with comparable structures all around
5810-616: The university leased portions of its land to high-tech firms. Terman nurtured companies like Hewlett-Packard , Varian Associates , Eastman Kodak , General Electric , Lockheed Corporation , and other high-tech firms, until what would become Silicon Valley grew up around the Stanford University campus. In 1951, to address the financial demands of Stanford's growth requirements, and to provide local employment-opportunities for graduating students, Frederick Terman proposed leasing Stanford's lands for use as an office park named
5893-420: The world, and the booming economy resulted in severe traffic congestion . The PayPal Mafia is sometimes credited with inspiring the re-emergence of consumer-focused Internet companies after the dot-com bust of 2001. After the dot-com crash, Silicon Valley continues to maintain its status as one of the top research and development centers in the world. A 2006 The Wall Street Journal story found that 12 of
5976-524: The world, and transformed the home-printing market when it released the first thermal drop-on-demand ink-jet printer in 1984. Other early tenants included Eastman Kodak , General Electric , and Lockheed . In 1956, William Shockley , the co-inventor of the first working transistor (with John Bardeen and Walter Houser Brattain ), moved from New Jersey to Mountain View, California , to start Shockley Semiconductor Laboratory to live closer to his ailing mother in Palo Alto . Shockley's work served as
6059-407: The world. Many headquarters of tech companies in Silicon Valley have become hotspots for tourism . "Silicon" refers to the chemical element used in silicon -based transistors and integrated circuit chips, which is the focus of a large number of computer hardware and software innovators and manufacturers in the region. The popularization of the name is often credited to Don Hoefler ,
6142-539: Was Silicon Valley Bank (SVB), founded in 1983 by a group of former Bank of America executives. Before its 2023 collapse , SVB specialized in providing banking services to Silicon Valley entrepreneurs and their startup firms. SVB's original primary commercial lending product was a working capital line of credit , secured by a startup's accounts receivable . In contrast to traditional banks, who focused their commercial lending on already-established businesses, SVB specialized in lending money to small startup companies in
6225-433: Was "the Valley of Heart’s Delight". Silicon Valley was born through the intersection of several contributing factors, including a skilled science research base housed in area universities, plentiful venture capital , permissive government regulation, and steady U.S. Department of Defense spending. Stanford University ’s leadership was especially important in the valley's early development. Together these elements formed
6308-485: Was 9.4% in January 2009 and has decreased to a record low of 2.7% as of August 2019. But in April 2020, when unemployment was at its peak, it stood at 13.7% and has since fallen to 5.7% in July 2021. Silicon Valley received 41% of all U.S. venture investment in 2011, and 46% in 2012. During the period from 2019 to 2021, Silicon Valley's share of U.S. venture capital investment dropped to 35.9%, but had surged back to 41% as of
6391-632: Was even more welcoming, with a group of venture capitalists actively seeking high-tech business ideas, clustered on Sand Hill Road in Menlo Park and Palo Alto . California 's civil code undermined the usual non-compete clauses that effectively tied employees to their companies in other states, allowing California workers to freely apply the knowledge they gained from their previous employer. This gave Silicon Valley an advantage over other American tech hubs such as Massachusetts Route 128 curving around Boston . The San Francisco Bay Area had long been
6474-679: Was female, and 3% was Hispanic and 1% was black. In August 2014, Apple reported that 80% of its global tech staff was male and that, in the U.S., 54% of its tech jobs were staffed by Caucasians and 23% by Asians. Soon after, USA Today published an article about Silicon Valley's lack of tech-industry diversity, pointing out that it is largely white or Asian, and male. "Blacks and Hispanics are largely absent," it reported, "and women are underrepresented in Silicon Valley—from giant companies to start-ups to venture capital firms." Civil rights activist Jesse Jackson said of improving diversity in
6557-464: Was fueled by the emergence of venture capital on Sand Hill Road , beginning with Kleiner Perkins and Sequoia Capital in 1972; the availability of venture capital exploded after the successful $ 1.3 billion IPO of Apple Computer in December 1980. Since the 1980s, Silicon Valley has been home to the largest concentration of venture capital firms in the world. In 1971, Don Hoefler traced
6640-553: Was in Silicon Valley that the silicon-based integrated circuit , the microprocessor , and the microcomputer , among other technologies, were developed. As of 2021 , the region employed about a half million information technology workers. As more high-tech companies were established across San Jose and the Santa Clara Valley, and then north towards the Bay Area's two other major cities, San Francisco and Oakland ,
6723-504: Was largely a result of Steve Jobs ' visit to PARC and the subsequent hiring of key personnel. Cisco's impetus stemmed from the need to route a variety of protocols over Stanford University 's Ethernet campus network . Commercial use of the Internet became practical and grew slowly throughout the early 1990s. In 1995, commercial use of the Internet grew substantially and the initial wave of internet startups, Amazon.com , eBay , and
6806-486: Was started by Gordon French and Fred Moore who met at the Community Computer Center in Menlo Park . They both were interested in maintaining a regular, open forum for people to get together to work on making computers more accessible to everyone. The first meeting was held as of March 1975 at French's garage in Menlo Park , San Mateo County, California ; which was on occasion of the arrival of
6889-409: Was the area's largest employer from the 1950s into 1980s. Stanford University , its affiliates, and graduates have played a major role in the development of the culture of collaboration among high-tech companies. A powerful sense of regional solidarity shaped the outlook of inventors and engineers in California; contrasting markedly from the insular and competitive environment of engineering firms on
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