The Silicon Docks area is part of Docklands and instead of a sometimes cited direct jobs total of 40,000, the number of tech professionals working in technology firms in the area may well be at about 7,000.
Hype and the tech world are handmaidens but there was silence when Elan, an indigenous biotech firm founded by an American resident in 1969, first became a shell operation and then it was sold off to an American white-label manufacturer - in 2001, Elan was the 20th most valuable drugs company in the world.
It was also extraordinary in 2006 when a new public science policy was announced and no lessons had been learned from the demise of the indigenous tech firms that had triggered high hopes in the 1990s. By 2008, IONA Technologies was sold off to an American firm of more recent vintage and today employment in the indigenous tech sector is about 10,000
- equivalent to the combined employment in the Irish operations of Apple, Intel and Google.
70% of Google Ireland's staff are from overseas;
Silicon Docks is a sexy story with the likes of Google and Facebook drawing attention - that is fine and the jobs are welcome but Patrick Honohan, the central bank governor, who is a former professor of economics, said in a speech [pdf] last March: "In the interests of robust diversification, most Irish economists observers would hope for a greater convergence towards normality in this aspect of Irish economic development, with a stronger emergence of innovative Irish companies alongside those steered from abroad.