Cambridge - the new California?

When you think of Cambridge, what do you think of? The university, and punting on the Cam, most likely. Well, browsing around the technology blogs, as I do, I came across this on the BBC's technology pages : Cambridge's Tiger Economy.

Maybe Cambridge doesn't quite have the same allure as California's silicon valley with it's many hours of sunshine; but we know from our own work with high-tech electronics and engineering companies that as far as technology goes, Cambridge is where its at.