Sunday, June 14, 2015

All Somewhat Smaller California Companies ..... Huge Beneficiaries of TPA and TPP..... 2014 and 2013 Two Year Audited Earnings Were Already Up 20 Times Over Two Year 2009 and 2008 Losses ..... And Smallest California Companies 2014 and 2013 Earnings Were Already Up 26 Times Over 2009 and 2008 Losses ..... I Call the ADD-ON Massive, Broadscale Income Inequality Expansion From TPA and TPP "Piling On" ..... Only Rational, Fair-Minded US Government Leader Still "Standing Tall" on the TPA Debate is Nancy Pelosi

From a very thorough review of SEC filings, I found 302 Companies headquartered in the State of California with Stock Market Capitalizations now of more than $1 bil, or the equivalent for non-publicly held companies, and which also have filed 2014 financial statements with the SEC.

29 of these 302 California Companies have Stock Market Capitalizations now of more than $30 bil.  The Total Audited Earnings of these 29 Giants were $186.269 bil in 2014, which comprised a massive 83% of the $225.162 Total 2014 Earnings generated by the 302 largest California Companies with Market Caps of more than $1 bil presently.

These 29 Giant Companies generated 2014 Total Audited Earnings which were up 11% over 2013 and up 26% over 2012, as you can see in the below chart, which is sorted by Stock Market Capitalization:



2014 2013 2012


2014 Audited Audited Audited


Most Net Net Net


Recent Income Income Income

FYE (Loss) (Loss) (Loss)
California Company HQs
mil $s mil $s mil $s
Largest Companies




Apple Cupertino Sep     39,510     37,037     41,733
Google Mountain View Dec     13,928     13,347     10,788
Wells Fargo San Francisco Dec     23,608     22,224     19,368
Facebook Menlo Park Dec        2,940        1,500              53
Oracle Redwood City May     10,955     10,925        9,981
Chevron San Ramon Dec     19,310     21,597     26,336
Walt Disney Co Burbank Sep        8,004        6,636        6,173
Gilead Sciences Foster City Dec     12,059        3,057        2,574
Visa Foster City Sep        5,438        4,980        2,142
Intel Santa Clara Dec     11,704        9,620     11,005
Cisco Systems San Jose Jul        7,853        9,983        8,041
Amgen Thousand Oaks Dec        5,158        5,081        4,345
eBay Inc San Jose Dec              46        2,856        2,609
Allergan Irvine Dec        1,533        1,273        1,101
Hewlett-Packard Palo Alto Oct        5,013        5,113   (12,650)
McKesson San Francisco Mar 15        1,842        1,414        1,363
Salesforce.com San Francisco Jan 15         (263)         (232)         (270)
DIRECTV El Segundo Dec        2,775        2,885        2,977
Charles Schwab San Francisco Dec        1,321        1,071           928
Netflix Los Gatos Dec           267           112              17
Adobe Systems San Jose Nov           268           290           833
Yahoo! Sunnyvale Dec        7,532        1,377        3,951
VMware Palo Alto Dec           886        1,014           746
Avago Technologies San Jose Oct           309           552           563
Broadcom Irvine Dec           652           424           719
Public Storage Glendale Dec        1,150        1,057           930
Tesla Motors Palo Alto Dec         (294)           (74)         (396)
Illumina San Diego  Dec            353           125           151
Franklin Resources San Mateo Sep        2,412        2,171        1,916






Total all 29

  186,269   167,415   148,027






% Earnings Increase:




….. 2014 Over 2013

11%

….. 2014 Over 2012

26%


There were 273 Smaller California Companies with Stock Market Capitalizations now of between $1 bil and $30 bil, or the equivalent for non-publicly-held Companies.

The Total Audited Net Income from Continuing Operations of these 273 Smaller California Companies with Stock Market Capitalizations now of between $1 bil and $30 bil, or the equivalent for non-publicly-held Companies, for the two years 2014 and 2013 Combined was $80.456 bil, an increase of an off-the-charts 2,024% over the $4.181 bil comparable Total Losses for the two years 2009 and 2008 Combined.

Also, the Total Audited Net Income from Continuing Operations of the 253 Smallest California Companies with Stock Market Capitalizations now of between $1 bil and $15 bil, or the equivalent for non-publicly-held Companies, for the two years 2014 and 2013 Combined was $57.466 bil, an increase of an even more off-the-charts 2,601% over the $2.298 bil comparable Total Losses for the two years 2009 and 2008 Combined.

While California's unemployment rate dropped from 12.2% in October 2010 to 6.3% in the most recently reported April 2015, this was just a drop in the bucket as compared with the off-the-charts increase in earnings of California's Companies.  But it's not just California's Companies generating off-the-charts earnings growth since the 2008/9 US Financial Meltdown ...... it's happening pretty much all over the country.

This is why the country is so disappointed not just with the Republicans in Congress but also with so many of the Democrats.  They both loudly claim that they are for Income Inequality Narrowing, but the overwhelming portion of their many individual votes result in ADD-ON Income Inequality Expansion.

Nancy Pelosi finally understands what has been happening.  She has now decided to reverse the past consistently Income Inequality Expansion vote by voting against the TPA.

TPA has so many good things in it for the country, but to claim that the economic benefits from it will go proportionately to the middle and lower economic classes as it will to the largest companies is pure and simple irrational reasoning.

I think that the only way the TPA should be approved by the Democrats in the US Congress is if it is accompanied by additional legislation that is equally Income Inequality Narrowing that will counterbalance the overwhelming Income Inequality Expansion resulting from TPA.

I can think of only one thing that would significantly accomplish this goal and with no cost to the US Government ..... Increasing the US Federal Minimum Wage.

US Infrastructure Investments are also needed, but must be paid for.  If you pay for them the way many in the US Congress like New York US Senator Chuck Schumer want ..... by giving massive US income tax breaks on foreign earnings repatriation of large multinational corporations ..... this is just as flawed as TPA.  The overall benefits of both are substantially overweighted in favor of the large corporations and their stockholders.  Yes, the US middle and lower economic classes get jobs from US Infrastructure Investments.  But that is a mere pittance as compared with what already wealthy businesses get from Schumer's approach.  First, the construction companies get the profits from these US Infrastructure Investments.  Second, they get the economic benefits for their businesses and for themselves personally from a much better US Infrastructure.  Third, they get the economic benefit from the one-time tax loophole granted them to repatriate their foreign earnings at a discounted tax rate.  And fourth, they get their hands on cash stashed away in foreign tax havens.  They now can use that cash to buy back their own common stock.    

Below here are the reported US GAAP Audited Net Income (Losses) of each of  these 273 California Companies for all of their fiscal years reported from 2008 through 2014, sorted by current Stock Market Capitalization:


2014 2013 2012 2011 2010 2009 2008


2014 Audited Audited Audited Audited Audited Audited Audited


Most Net Net Net Net Net Net Net


Recent Income Income Income Income Income Income Income

FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
California Company HQs
mil $s mil $s mil $s mil $s mil $s mil $s mil $s
Smaller Companies








Intuit Mountain View Jul           861           823           764           634           539           447           447
LinkedIn Mountain View Dec              15              27              22              12                3              (4)              (5)
Applied Materials Santa Clara Oct        1,072           256           109        1,926           938         (305)           961
Twitter San Francisco Dec         (578)         (645)           (79)         (128)           (67)

Western Digital Irvine Jun        1,617           980        1,612           726        1,382           470           867
Monster Beverage Corona Dec           483           339           340           286           212           209           108
Prologis San Francisco Dec           739           230         (106)         (267)     (1,601)         (123)           (11)
Ross Stores Dublin Jan 15           925           837           787           657           555           443           305
Pharmacyclics Sunnyvale Dec              86              67              12           (35)           (15)           (23)           (24)
Electronic Arts Redwood City Mar 15           875                8              98              76         (276)         (677)     (1,088)
BioMarin Pharmaceutical San Rafael Dec         (134)         (176)         (114)           (54)           206              (1)              31
Intuitive Surgical Sunnyvale Dec           418           671           657           495           382           233           204
Activision Blizzard Santa Monica Dec           835        1,010        1,149        1,085           418           113         (107)
HCP Inc Long Beach Dec           907           911           801           550           321           103           228
Seagate Technology Cupertino Jun        1,570        1,838        2,862           511        1,609     (3,125)        1,251
Symantec Mountain View Mar 15           878           898           755        1,172           593           714     (6,786)
The Gap San Francisco Jan 15        1,262        1,280        1,135           833        1,204        1,102           967
Altera San Jose Dec           473           440           557           771           783           251           360
Check Point Software San Carlos Dec           660           653           620           544           453           358           324
Workday Pleasanton Jan 15         (248)         (173)         (119)           (80)           (56)           (50)           (51)
Equinix Redwood City Dec         (261)              96           130              92              36              69           108
Palo Alto Networks Santa Clara Jul         (226)           (29)                1           (13)           (21)           (19)           (16)
Edwards Lifesciences Irvine Dec           811           389           292           237           218           229           129
Clorox Oakland June           562           562           574           543           603           603           537
Essex Property Trust Palo Alto Dec           134           141           128              50              50              44              81
SanDisk Milpitas Dec        1,007        1,043           417           987        1,300           415     (1,987)
Agilent Technologies Santa Clara Oct           504           724        1,153        1,012           684           (31)           693
Lam Research Fremont Jun           632           114           169           724           347         (302)           439
Macerich Santa Monica Dec        1,607           159           303           209              32           181              97
Autodesk San Rafael Jan 15              82           229           247           285           212              58           184
CBRE Group Los Angeles Dec           514           322           304           240           142           (28)     (1,076)
CareFusion San Diego Jun           417           389           361           299           161           288           312
Xilinx San Jose Mar 15           648           630           488           530           642           357           362
ServiceNow  San Diego   Dec          (179)           (74)           (37)              10           (30)              (6)              (6)
NVIDIA Santa Clara Jan 15           631           440           563           581           253           (68)           (30)
Linear Technology Milpitas Jun           460           407           398           581           361           289           367
American Honda Finance Torrance Mar           956        1,002        1,268        1,169


Juniper Networks Sunnyvale Dec         (334)           440           187           425           619           115           512
Jazz Pharmaceuticals Palo Alto Dec              57           216           261           125              33              (7)         (184)
Realty Income Escondido  Dec            269           181           142           151           121           119           108
NetApp Sunnyvale Apr 15           560           638           505           605           673           400              65
Maxim Integrated Products San Jose Jun           355           452           355           489           125              10           318
First Republic Bank San Francisco Dec           487           462           401           354           276           347              10
KLA-Tencor Milpitas Jun           583           543           756           794           212         (523)           359
Mattel El Segundo Dec           499           904           776           769           685           529           380
Medivation San Francisco Dec           276           (43)           (41)           (39)           (34)           (55)           (62)
Digital Realty Trust San Francisco Dec           203           320           216           162           105              91              68
Splunk San Francisco Jan 15         (217)           (79)           (37)           (11)              (4)              (7)           (15)
Varian Medical Systems Palo Alto Sep           404           438           427           409           367           331           295
Toyota Motor Credit Corp Torrance Mar 15        1,197           857        1,331        1,486        1,853        1,063         (623)
The Cooper Companies Pleasanton Oct           272           297           249           175           113           101              65
Oaktree Capital Group Los Angeles Dec        2,176        6,211        6,672         (309)        5,281     11,874     (7,638)
ResMed San Diego Jun           345           307           255           227           190           146           110
Isis Pharmaceuticals Carlsbad  Dec            (39)           (61)           (65)           (85)           (61)           (35)           (15)
Safeway Pleasanton Dec            103           217           249           330           312     (1,402)           965
FireEye Milpitas Dec         (444)         (121)           (36)           (17)              (9)              (9)
Synopsys Mountain View Oct           259           248           182           221           237           168           190
GoPro San Mateo Dec           128              61              32              25              12

Robert Half Intl Menlo Park Dec           306           252           210           150              66              37           250
SVB Financial Group Santa Clara Dec           479           546           250           283           137              11              55
Marvell Technology Group Santa Clara Jan 15           435           315           307           615           904           353           147
Williams-Sonoma San Francisco Jan 15           309           279           257           237           200              77              30
NetSuite San Mateo Dec         (100)           (70)           (35)           (32)           (27)           (24)           (17)
Fortinet Sunnyvale Dec              25              44              67              62              41              60                7
Flextronics San Jose Mar 15           601           366           303           521           612              32     (5,929)
Alexandria Real Estate Equities Pasadena Dec              99           135              95           136              78           135           100
Lending Club San Francisco Dec           (33)                7           (12)           (11)           (10)           (12)              (7)
East West Bancorp Pasadena Dec           342           295           282           245           165              82           (50)
Kilroy Realty Los Angeles Dec              59              15              (5)                5              10              28              41
Trimble Navigation Sunnyvale Dec           214           218           190           149           104              64           141
Receptos  San Diego  Dec          (115)           (48)           (18)              (6)


Live Nation Entertainment Beverly Hills Dec         (104)           (36)         (162)           (70)         (208)         (126)         (333)
DexCom San Diego  Dec            (22)           (30)           (55)           (45)           (55)           (54)           (59)
Cadence Design Systems San Jose Dec           159           164           440              72           127         (150)     (1,857)
Skechers USA Manhattan Beach Dec           152              61              11           (68)           136              51              53
Avery Dennison Pasadena Dec           251           244           158           154           242         (835)           153
Keysight Technologies Santa Rosa Oct           392           457           841           787           355         (203)
Jacobs Engineering Group Pasadena Sep           352           440           391           335           246           400           421
Arista Networks Santa Clara Dec              87              43              21              34                2

Lions Gate Entertainment Santa Monica Mar 15           182           152           232           (39)           (30)           (30)         (180)
Solar City San Mateo Dec         (375)         (152)         (114)           (74)           (47)           (23)           (26)
City National Los Angeles Dec           259           233           209           176           135              52           110
Brocade Communication Syst San Jose Oct           238           209           195              51           117           (83)           166
AECOM Technology Los Angeles Sep           233           243           (57)           284           249           201           160
Align Technology San Jose Dec           146              64              59              67              74           (31)              80
Informatica Redwood City Dec           114              86              93           117              86              64              56
Herbalife Los Angeles Dec           309           528           464           413           299           203           221
PacWest Bancorp Los Angeles Dec           170              45              57              51           (62)              (9)         (728)
Health Net Woodland Hills Dec           146           170              26              72           204           (49)              95
Reliance Steel & Aluminum Los Angeles Dec           376           325           408           349           198           149           484
Bio-Rad Laboratories Hercules Dec              89              78           166           179           187           149              98
Cypress Semiconductor San Jose Dec              17            (51)            (25)           167              75          (151)          (319)
VCA Antech Inc Los Angeles Dec           141           143              51           100           114           136           137
Ares Management LP Los Angeles Dec           546           813        1,236           923        2,081               -                 -  
Ingram Micro Santa Ana Dec           267           311           306           244           318           202         (395)
SunPower Corp San Jose Dec           183              34         (352)         (614)           167              33         (124)
VeriFone Systems San Jose Oct           (36)         (295)              66           283              99         (157)         (411)
Douglas Emmett Inc Santa Monica Dec              53              53              28                2           (33)           (34)           (36)
Cavium San Jose Dec           (26)           (14)         (114)                0              37           (21)                2
Puma Biotechnology Los Angeles Dec         (142)           (55)           (74)           (10)              (0)

Atmel Corp San Jose Dec              32           (22)              30           315           423         (109)           (27)
Cepheid Sunnyvale Dec           (50)           (17)           (20)                3              (6)           (23)           (22)
BioMed Realty Trust San Diego  Dec            201              47              16              43              39              60              63
Dolby Laboratories San Francisco Sep           209           190           265           311           283           244           201
ACADIA Pharmaceuticals San Diego  Dec            (92)           (38)           (21)           (23)              15           (45)           (64)
Molina Healthcare Long Beach Dec              63              45              13              21              55              31              60
Restoration Hardware Corte Madera Jan 15              91              18           (13)              21              (7)           (29)           (51)
First American Financial Santa Ana Dec           234           187           302              79           129           134           (72)
Teledyne Technologies Thousand Oaks Dec           216           185           163           142           120           116           117
Neurocrine Biosciences San Diego  Dec            (61)           (46)                5              38              (8)           (51)           (89)
Air Lease Los Angeles Dec           256           190           132              53           (52)               -                 -  
Pandora Media Oakland Dec           (30)           (38)           (16)              (2)           (17)           (28)           (14)
Synaptics San Jose Jun              47              99              54              64              52              48              26
American Homes 4 Rent Malibu Dec           (33)           (20)           (10)              (0)
              -                 -  
Guideware Software Foster City Jul              15              25              19              36              16           (11)           (17)
Integrated Device Technology San Jose Mar 15           115           111                3              37              94              65     (1,027)
Ambarella  Santa Clara Jan 15              51              26              18              10              14              13              (3)
Sina Corp Sunnyvale Dec           162              44              32         (302)           (19)           412              81
Blackhawk Network Holdings   Pleasanton Dec              45              54              48              36              19              27              16
Veeva Systems Pleasanton Jan 15              40              24              19                4                4                1
CoreLogic Santa Ana Dec              91           100              95              53              84           104              34
Microsemi Aliso Viejo Sep              23              44           (30)              54              59           (27)              50
Impax Laboratories Hayward Dec              57           101              56              65           250              50              16
Yelp! San Francisco Dec              36           (10)           (19)           (17)           (10)              (2)              (6)
Riverbed Technology San Francisco Dec              71           (12)              55              64              34                7              11
Jack in the Box San Diego Sep              95              83              68              81              70           131           118
j2 Global Los Angeles Dec           125           108           122           115              83              67              73
SYNNEX Fremont Nov           180           152           153           151           117              86              77
Ultragenyx Pharmaceutical  Novato Dec           (60)           (35)           (16)              (7)


Auspex Pharmaceuticals   San Diego  Dec            (60)           (16)           (15)              (3)


Sunstone Hotel Investors Aliso Viejo Dec              83              22                1              48           (30)           (44)              28
Anacor Pharmaceuticals  Palo Alto Dec           (87)              85           (56)           (48)           (10)           (25)           (22)
JDS Uniphase Milpitas Jun           (18)              57           (26)              72           (60)         (906)           (42)
Mercury General Los Angeles Dec           178           112           117           191           152           403         (242)
 ViaSat   Carlsbad   Mar 15               40              (9)           (41)                8              36              31              38
California Resources Los Angeles Dec     (1,434)           869           699           971           719           401
Ubiquiti Networks San Jose Jun           177              80           103              50              (5)              10                5
International Rectifier El Segundo Jun              59           (89)           (55)           167              81         (247)           (59)
Aruba Networks Sunnyvale Jul           (29)           (32)              (9)              71           (34)           (23)           (17)
Zynga San Francisco Dec         (226)           (37)         (209)         (404)              91           (53)           (22)
Infinera Corp Sunnyvale Dec              14         (32)           (85)           (82)           (28)           (87)              79
Colony Financial Santa Monica Dec           160           126              68              43              18              (0)               -  
Fair Isaac San Jose Sep              95              90              92              72              64              65              81
Hudson Pacific Properties Los Angeles Dec              24                1              (5)              (2)              (3)              (1)              (3)
Kennedy-Wilson Holdings Beverly Hills Dec              90              14                7                7                6           (10)                1
Logitech Intl Newark Mar 15                9              74         (228)              71           128              65           107
Halozyme Therapeutics San Diego  Dec            (68)           (83)           (54)           (20)           (53)           (58)           (49)
Cheesecake Factory Calabasas Dec           101           114              98              96              82              43              52
PriceSmart San Diego Aug              93              84              68              62              49              43              38
Cathay General Bancorp Los Angeles Dec           138           124           118           101              12           (67)              51
Kite Pharma Santa Monica Dec           (43)              (6)              (3)



Thoratec Pleasanton Dec              50              73              56              72              53              29              18
Proofpoint  Sunnyvale Dec            (64)            (28)            (20)            (20)            (21)            (20)            (26)
Deckers Outdoor Goleta Mar 15           162           146           129           202           160           117              74
NuVasive San Diego  Dec            (17)                7                2           (71)              77                4           (28)
TRI Pointe Homes Irvine Dec              84         (151)              61              35              52

Finisar Sunnyvale Apr           112              (8)              43              88           (23)         (262)           (33)
KKR Financial Holdings San Francisco Dec         (113)           293           348           318           371              77     (1,078)
DreamWorks Animation SKG Glendale Dec         (308)              56           (36)              87           171           151           142
MannKind Valencia Dec         (198)         (191)         (169)         (161)         (171)         (220)         (303)
Advent Software San Francisco Dec              50              29              30              28              24              21              17
Mellanox Technologies Sunnyvale Dec            (24)            (23)           112              10              14              13              22
Financial Engines Sunnyvale Dec              37              30              19              15              64                6              (4)
Portola Pharmaceuticals   South San Francisco Dec         (137)           (83)              11              20


Standard Pacific Irvine Dec           216           189           531           (16)           (12)           (13)     (1,231)
Nimble Storage   San Jose Jan 15            (99)            (43)            (28)            (17)              (7)

Fairchild Semiconductor San Jose Dec           (35)                5              25           146           153           (60)         (167)
Plantronics Santa Cruz Mar 15           112           112           106           109           109              76              46
Barracuda Networks    Campbell Feb 15            (67)              (4)              (8)              (0)                2                5                3
Theravance South San Francisco Dec           (74)           (31)           (31)         (115)           (84)           (85)           (94)
Monolithic Power Systems San Jose Dec              35              23              16              13              30              20              24
Aduro BioTech Berkeley Dec           (17)           (16)              (9)



Box Inc Los Altos Jan 15         (168)         (169)         (113)           (50)    

Tessera Technologies San Jose Dec           175           (41)              35              36              92              80                5
On Assignment Calabasas Dec              79              55              37              24           (10)                5              19
Electronics for Imaging Fremont Dec              34           109              83              27                7              (2)         (113)
TriNet Group San Leandro Dec              15              13              32              15              (9)              18                9
Ryland Group Westlake Village Dec           176           379              42           (30)           (81)         (143)         (370)
Zendesk San Francisco Dec            (67)            (23)            (24)              (7)


Ellie Mae  Pleasanton Dec              15              13              19                4                1                2              (1)
Masimo Irvine Dec              74              56              62              64              73              54              32
Imperva  Redwood Shores Dec            (59)            (26)              (8)            (11)            (12)            (12)              (8)
DineEquity Glendale Dec              36              72           128              75              (3)              31         (154)
CVB Financial Ontario Dec           104              96              77              82              63              65              63
Ligand Pharmaceuticals La Jolla Dec              11                9              (3)              10           (13)              (8)           (97)
Polycom San Jose Dec              42           (19)           (36)           126              68              50              76
PMC-Sierra Sunnyvale Dec                0           (32)         (336)              80              89              47           128
Advanced Micro Devices Sunnyvale Dec         (403)           (83)     (1,183)           495           471           296     (2,412)
Marcus & Millichap Calabasas Dec              50                8              28              13                8               -                 -  
Sanmina San Jose Sep           197              79           180              69           122         (138)         (513)
Trulia  San Francisco Dec            (76)            (18)            (11)              (6)              (4)              (7)              (8)
Intersil Milpitas Dec              55                3           (38)              67              26              39     (1,063)
Rambus Sunnyvale Dec              26           (34)         (134)           (43)           151           (92)         (199)
American Assets Trust San Diego  Dec               31              23              14              14                2                5           (12)
Guess? Inc Los Angeles Jan 15              97           158           181           271           295           246           215
Cornerstone OnDemand Santa Monica Dec           (65)           (40)           (31)           (64)           (48)              (8)           (10)
Shutterfly Inc Redwood City Dec               (8)                9              23              14              17                6                4
Simpson Manufacturing Pleasanton Dec              64              51              42              51              45              14              55
Korn/Ferry Intl Los Angeles Apr              73              33              54              59                5           (10)              66
Super Micro Computer San Jose Jun              54              21              30              40              27              16              25
Infoblox Santa Clara Jul           (24)              (4)              (8)              (5)                7           (10)           (11)
WageWorks  San Mateo Dec              18              22              10              33            (17)              (1)              (4)
Coherent Santa Clara Sep              59              66              63              93              37           (35)              23
Crown Media Holdings Studio City Dec              95              68           107           319              24           (23)           (40)
Tetra Tech Pasadena Sep           109              (2)           105              93              77              87              61
Rovi Corp Santa Clara Dec           (14)              21           (20)              39           227           (18)              15
Big Heart Pet Brands San Francisco Apr              (8)              (6)           (67)           (24)              77           148           118
99 Cents Only Stores City of Commerce Jan 15           (12)                6              (9)              44              74              60              10
OmniVision Technologies Santa Clara Apr 15              93              95              43              66           124                7           (37)
Bofl Holding San Diego  Jun               56              40              29              21              21                7                4
ICU Medical San Clemente Dec              26              40              41              45              30              25              24
New Relic San Francisco Mar 15            (50)            (40)            (23)              (8)


Retail Opportunity Investments San Diego  Dec               21              35                8              10              (0)              (9)                3
Wesco Aircraft Holdings Valencia Sep           102           105              92              76              74              58              59
Nektar Therapeutics San Francisco Dec           (54)         (162)         (172)         (134)           (38)         (103)           (34)
Sabra Health Care REIT Irvine Dec              47              34              20              13                0               -                 -  
LTC Properties Westlake Village Dec              73              58              51              50              46              44              43
Granite Construction Watsonville Dec              36           (45)              60              66           (62)           100           166
OSI Systems Hawthorne Jun              48              44              46              33              24              11              14
Relypsa  Redwood City Dec           (80)           (74)           (44)           (26)


Kaiser Aluminum Foothill Ranch Dec              72           105              86              25              12              71           (69)
Power Integrations San Jose Dec              60              57           (34)              34              49              23                2
Qualys  Redwood City Dec              30                2                2                2                1                1              (1)
Natus Medical San Carlos Dec              32              23                4           (11)              12              11              17
Redwood Trust Mill Valley Dec           101           173           132              25           111              39         (446)
Kythera Biopharmaceuticals Calabasas Dec         (136)           (52)           (37)           (11)           (16)           (15)           (20)
Omnicell Mountain View Dec              31              24              16              10                5                0              13
Semtech Camarillo Jan 15              28         (164)              42              89              73                1              38
Smart & Final Stores Commerce Dec              33                8                5                7              (0)              (3)
AMN Healthcare Services San Diego Dec              33              33              16                5           (53)         (122)              34
KB Home Los Angeles Nov           918              40           (59)         (179)           (69)         (102)         (976)
PennyMac Mortgage Investment Trust Moorpark Dec           195           200           138              64              24              (2)               -  
 Cubic Corp   San Diego   Sep               70              25              98              85              71              56              37
InvenSense  San Jose Mar 15              (1)                6              52              37                9              15                0
Qlogic Aliso Viejo Mar 15              51           (18)              74           119           141              68           124
Nevro Menlo Park Dec           (31)           (26)           (19)



Core-Mark Holding South San Francisco Dec               43              42              34              26              18              47              18
DepoMed Newark Dec           132              43           (30)              71                4           (22)           (15)
The Ensign Group Mission Viejo Dec              34              26              41              48              41              32              28
Aerojet Rocketdyne Rancho Cordova Nov           (52)           168              (6)                3                6              59              (5)
Westamerica San Rafael Dec              60              67              81              88              95           125              60
RingCentral  San Mateo Dec            (48)            (46)            (35)            (14)              (7)              (6)
WD-40 Company San Diego Aug              44              40              35              36              36              26              28
BJs Restaurants Huntington Beach Dec              27              21              31              32              23              13              10
Marketo  San Mateo Dec            (55)            (47)            (34)            (23)            (12)              (6)
BBCN Bancorp Los Angeles Dec              89              82              83              27              (7)              (6)                3
Virgin Airlines Burlingame Dec               60              10         (145)         (100)           (69)           (81)
Hortonworks Palo Alto Dec          (177)            (37)            (12)



Abaxis Union City Mar 15              21              16              31              16              15              13              12
Stamps.com El Segundo Dec              37              44              39              26                6                6              10
Tutor Perini Sylmar Dec           108              87         (265)              86           104           137           (75)
Breitburn Energy Partners LP Los Angeles Dec           421           (44)           (41)           111              35         (107)           378
Raptor Pharmaceutical Novato Dec           (53)           (69)           (39)           (37)           (19)              (9)           (23)
Solar Power Roseville Dec              (5)           (32)           (25)                2              (9)              (7)              (9)
Fibrogen San Francisco Dec           (60)           (15)           (33)



Exponent Menlo Park Dec              41              39              37              33              28              22              23
Gigamon Santa Clara Dec           (41)           (10)                8              17                7              13                8
Endologix Irvine Dec           (32)           (16)           (36)           (29)              11              (2)           (12)
ZELTIQ Aesthetics  Pleasanton Dec                2           (19)           (30)           (10)           (14)           (18)           (21)
Atara Biotherapeutics Brisbane Dec           (28)              (9)              (4)



COUPONS.com Mountain View Dec            (23)            (11)            (59)            (23)            (12)              (9)
Netgear San Jose Dec                9              55              87              91              51                9              18
Coherus BioSciences Redwood City Dec           (87)           (54)           (33)



Encore Capital Group San Diego  Dec            100              75              79              61              49              33              14
Avalanche Biotechnologies Menlo Park Dec           (25)              (5)              (2)



Arena Pharmaceuticals San Diego Dec           (61)           (19)           (85)         (109)         (125)         (153)         (238)
TiVo Inc Alviso Jan 15              31           272              (5)           102           (85)           (23)           104
Global Eagle Entertainment Los Angeles Dec           (57)         (115)           (43)           (19)           (19)           (27)
Ixia Calabasas Dec           (42)              12              45              24              11           (44)           (16)
TrueCar Santa Monica Dec           (48)           (25)           (74)              (9)              (4)              (7)
Excel Trust San Diego  Dec                 9                8                2              (5)              (5)                0              (0)
Diamond Foods Stockton Jul         (165)         (160)           (86)              50              26              24              15
Levi Strauss San Francisco Nov           104           228           141           135           149           151           230










Total all 273 With Market Cap Between $1 Bil and $30 Bil     38,964     41,492     40,780     36,726     37,895     17,794   (21,975)










Two Year Total Earnings:








….. 2014 and 2013

    80,456





….. 2009 and 2008

    (4,181)





………. Earnings Increase








…………… Amount

    84,637





………………. %

2024%















Total all 253 With Market Cap Between $1 Bil and $15 Bil     26,248     31,218     28,918     27,012     30,312     17,659   (19,956)










Two Year Total Earnings:








….. 2014 and 2013

    57,466





….. 2009 and 2008

    (2,298)





………. Earnings Increase








…………… Amount

    59,764





………………. %

2601%