Communications companies buck the fourth-quarter slide.
In the fourth quarter of 2008, venture investment in the United States plummeted by more than 25 percent. Even energy and utility companies, which saw enormous growth in investment in 2008, suffered their first quarterly drop-off of the year.
But one subsector of the information technology industry, which VentureWire calls communications and networking, enjoyed an unexpected surge. Indeed, it was the only sector to see an increase in funding over both the previous quarter and the fourth quarter of 2007.
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Manufacturing in the United States is in trouble. That's bad news not just for the country's economy but for the future of innovation.
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