Okay, so Otak is no Stumptown. Actually, Otak is twice as big as Stumptown, and while it may not have a fanatic customer base among hipsters, it does have 300 employees with deep expertise in how to make cities work better. So when a foreign company buys a majority stake in Otak, it’s a big deal for Oregon.
Earlier this year, Powell’s Books made national headlines by eliminating 31 jobs in Portland, stirring up familiar questions about the future of independent booksellers in the age of e-readers and smart phones. But a quick study of the latest numbers from Oregon’s top private companies shows that Powell’s actually survived the recession in a stronger position than many of its peers.
Economic uncertainty is only one significant issue facing the telecom industry now, but it intertwines with the technological changes and social changes that are causing so much turmoil in the industry. Once the path for consumer and business spending is defined, the other changes affecting the industry will fall into clearer focus.
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