From a very thorough review of SEC filings, I found a gigantic number of 118 Technology Companies headquartered in the highly driven, creative, intensely research-focused San Francisco/Silicon Valley Area of California with Stock Market Capitalizations now of at least $1 bil and with 2014 Audited Financial Statements filed with the SEC.
Fifteen of these 118 San Francisco/Silicon Valley Area Technology Companies have Stock Market Capitalizations now of more than $37 bil. The Total Audited Earnings of these 15 Technology Giants were $106.386 bil in 2014, which comprised a massive 90% of the $118.566 Total 2014 Earnings generated by the 118 largest San Francisco/Silicon Valley Area Technology Companies with Market Caps of more than $1 bil presently.
These 15 Giant Technology Companies generated 2014 Total Audited Earnings which were up 8% over 2013 and up a very robust 34% over 2012, as you can see in the below chart:
| 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 | |
| San Francisco Bay and Silicon Valley Areas | |||||
| …..Technology | |||||
| Apple | Cupertino | Sep | 39,510 | 37,037 | 41,733 |
| Mountain View | Dec | 13,928 | 13,347 | 10,788 | |
| Menlo Park | Dec | 2,940 | 1,500 | 53 | |
| Oracle | Redwood City | May | 10,955 | 10,925 | 9,981 |
| 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 |
| eBay Inc | San Jose | Dec | 46 | 2,856 | 2,609 |
| Hewlett-Packard | Palo Alto | Oct | 5,013 | 5,113 | (12,650) |
| Salesforce.com | San Francisco | Jan 15 | (263) | (232) | (270) |
| 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 |
| Total all 15 | 106,386 | 98,474 | 79,542 | ||
| % Earnings Increase: | |||||
| ….. 2014 Over 2013 | 8% | ||||
| ….. 2014 Over 2012 | 34% | ||||
In addition to the above 15 Giant Technology Companies, there were another 103 San Francisco/Silicon Valley Area Technology Companies with Stock Market Capitalizations now of between $1 bil and $30 bil.
So just how have these 103 San Francisco/Silicon Valley Area Technology Companies done on the earnings front before, during and after the 2008 financial meltdown? Just spectacular off-the-charts earnings improvement.
The Total Audited Net Income from Continuing Operations of these 103 San Francisco/Silicon Valley Area Technology Companies for the 3 years 2012-14 Combined was $34.848 bil, an increase of an off-the-charts 1,690% over the $2.191 bil comparable Total Losses for the 3 years 2008-2010 Combined.
In addition, there were 92 San Francisco/Silicon Valley Area Technology Companies with Stock Market Capitalizations now of between $1 bil and $15 bil.
So just how have these 92 San Francisco/Silicon Valley Area Technology Companies done on the earnings front before, during and after the 2008 financial meltdown? Just even more spectacular off-the-charts earnings improvement.
The Total Audited Net Income from Continuing Operations of these 92 San Francisco/Silicon Valley Area Technology Companies with Market Caps from $1-15 Bil for the 3 years 2012-14 Combined was $19.810 bil, an increase of an spectacularly off-the-charts 6,022% over the $0.324 bil comparable Total Earnings for the 3 years 2008-2010 Combined.
So if the question to answer is how much better off are these Somewhat Smaller San Francisco/Silicon Valley Area Technology Companies in their most recent three years than they were five years earlier, the answer is in the range of 17 to 60 times better as audited earnings under US generally accepted accounting principles (US GAAP) are measured by the very prestigious US accounting profession.
Below here are the reported US GAAP Audited Net Income (Losses) of each of these 103 San Francisco/Silicon Valley Area Technology Companies with Current Stock Market Caps of $1-30 Bil 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 | |
| San Francisco Bay and Silicon Valley Areas | |||||||||
| …..Technology | |||||||||
| Intuit | Mountain View | Jul | 861 | 823 | 764 | 634 | 539 | 447 | 447 |
| Mountain View | Dec | 15 | 27 | 22 | 12 | 3 | (4) | (5) | |
| Applied Materials | Santa Clara | Oct | 1,072 | 256 | 109 | 1,926 | 938 | (305) | 961 |
| San Francisco | Dec | (578) | (645) | (79) | (128) | (67) | |||
| Electronic Arts | Redwood City | Mar 15 | 875 | 8 | 98 | 76 | (276) | (677) | (1,088) |
| 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) |
| Altera | San Jose | Dec | 473 | 440 | 557 | 771 | 783 | 251 | 360 |
| Palo Alto Networks | Santa Clara | Jul | (226) | (29) | 1 | (13) | (21) | (19) | (16) |
| Workday | Pleasanton | Jan 15 | (248) | (173) | (119) | (80) | (56) | (50) | (51) |
| Check Point Software | San Carlos | Dec | 660 | 653 | 620 | 544 | 453 | 358 | 324 |
| Equinix | Redwood City | Dec | (261) | 96 | 130 | 92 | 36 | 69 | 108 |
| 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 |
| Autodesk | San Rafael | Jan 15 | 82 | 229 | 247 | 285 | 212 | 58 | 184 |
| Xilinx | San Jose | Mar 15 | 648 | 630 | 488 | 530 | 642 | 357 | 362 |
| NVIDIA | Santa Clara | Jan 15 | 631 | 440 | 563 | 581 | 253 | (68) | (30) |
| Linear Technology | Milpitas | Jun | 460 | 407 | 398 | 581 | 361 | 289 | 367 |
| Juniper Networks | Sunnyvale | Dec | (334) | 440 | 187 | 425 | 619 | 115 | 512 |
| NetApp | Sunnyvale | Apr 15 | 560 | 638 | 505 | 605 | 673 | 400 | 65 |
| Maxim Integrated Products | San Jose | Jun | 355 | 452 | 355 | 489 | 125 | 10 | 318 |
| KLA-Tencor | Milpitas | Jun | 583 | 543 | 756 | 794 | 212 | (523) | 359 |
| Splunk | San Francisco | Jan 15 | (217) | (79) | (37) | (11) | (4) | (7) | (15) |
| 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 | ||
| Marvell Technology Group | Santa Clara | Jan 15 | 435 | 315 | 307 | 615 | 904 | 353 | 147 |
| 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) |
| Fitbit | San Francisco | Dec | 132 | (52) | (4) | (4) | 1 | ||
| Trimble Navigation | Sunnyvale | Dec | 214 | 218 | 190 | 149 | 104 | 64 | 141 |
| Cadence Design Systems | San Jose | Dec | 159 | 164 | 440 | 72 | 127 | (150) | (1,857) |
| Arista Networks | Santa Clara | Dec | 87 | 43 | 21 | 34 | 2 | ||
| Solar City | San Mateo | Dec | (375) | (152) | (114) | (74) | (47) | (23) | (26) |
| Brocade Communication Syst | San Jose | Oct | 238 | 209 | 195 | 51 | 117 | (83) | 166 |
| Informatica | Redwood City | Dec | 114 | 86 | 93 | 117 | 86 | 64 | 56 |
| Cypress Semiconductor | San Jose | Dec | 17 | (51) | (25) | 167 | 75 | (151) | (319) |
| SunPower Corp | San Jose | Dec | 183 | 34 | (352) | (614) | 167 | 33 | (124) |
| VeriFone Systems | San Jose | Oct | (36) | (295) | 66 | 283 | 99 | (157) | (411) |
| Cavium | San Jose | Dec | (26) | (14) | (114) | 0 | 37 | (21) | 2 |
| Atmel Corp | San Jose | Dec | 32 | (22) | 30 | 315 | 423 | (109) | (27) |
| Cepheid | Sunnyvale | Dec | (50) | (17) | (20) | 3 | (6) | (23) | (22) |
| Dolby Laboratories | San Francisco | Sep | 209 | 190 | 265 | 311 | 283 | 244 | 201 |
| Synaptics | San Jose | Jun | 47 | 99 | 54 | 64 | 52 | 48 | 26 |
| 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 |
| Veeva Systems | Pleasanton | Jan 15 | 40 | 24 | 19 | 4 | 4 | 1 | |
| Yelp! | San Francisco | Dec | 36 | (10) | (19) | (17) | (10) | (2) | (6) |
| Riverbed Technology | San Francisco | Dec | 71 | (12) | 55 | 64 | 34 | 7 | 11 |
| SYNNEX | Fremont | Nov | 180 | 152 | 153 | 151 | 117 | 86 | 77 |
| JDS Uniphase | Milpitas | Jun | (18) | 57 | (26) | 72 | (60) | (906) | (42) |
| Ubiquiti Networks | San Jose | Jun | 177 | 80 | 103 | 50 | (5) | 10 | 5 |
| Zynga | San Francisco | Dec | (226) | (37) | (209) | (404) | 91 | (53) | (22) |
| Aruba Networks | Sunnyvale | Jul | (29) | (32) | (9) | 71 | (34) | (23) | (17) |
| Infinera Corp | Sunnyvale | Dec | 14 | (32) | (85) | (82) | (28) | (87) | 79 |
| Fair Isaac | San Jose | Sep | 95 | 90 | 92 | 72 | 64 | 65 | 81 |
| Logitech Intl | Newark | Mar 15 | 9 | 74 | (228) | 71 | 128 | 65 | 107 |
| Proofpoint | Sunnyvale | Dec | (64) | (28) | (20) | (20) | (21) | (20) | (26) |
| Finisar | Sunnyvale | Apr | 112 | (8) | 43 | 88 | (23) | (262) | (33) |
| 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) |
| Nimble Storage | San Jose | Jan 15 | (99) | (43) | (28) | (17) | (7) | ||
| Fairchild Semiconductor | San Jose | Dec | (35) | 5 | 25 | 146 | 153 | (60) | (167) |
| Barracuda Networks | Campbell | Feb 15 | (67) | (4) | (8) | (0) | 2 | 5 | 3 |
| Monolithic Power Systems | San Jose | Dec | 35 | 23 | 16 | 13 | 30 | 20 | 24 |
| Box Inc | Los Altos | Jan 15 | (168) | (169) | (113) | (50) | |||
| Tessera Technologies | San Jose | Dec | 175 | (41) | 35 | 36 | 92 | 80 | 5 |
| Electronics for Imaging | Fremont | Dec | 34 | 109 | 83 | 27 | 7 | (2) | (113) |
| TriNet Group | San Leandro | Dec | 15 | 13 | 32 | 15 | (9) | 18 | 9 |
| Zendesk | San Francisco | Dec | (67) | (23) | (24) | (7) | |||
| Ellie Mae | Pleasanton | Dec | 15 | 13 | 19 | 4 | 1 | 2 | (1) |
| Imperva | Redwood Shores | Dec | (59) | (26) | (8) | (11) | (12) | (12) | (8) |
| 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) |
| 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) |
| Super Micro Computer | San Jose | Jun | 54 | 21 | 30 | 40 | 27 | 16 | 25 |
| WageWorks | San Mateo | Dec | 18 | 22 | 10 | 33 | (17) | (1) | (4) |
| Infoblox | Santa Clara | Jul | (24) | (4) | (8) | (5) | 7 | (10) | (11) |
| Coherent | Santa Clara | Sep | 59 | 66 | 63 | 93 | 37 | (35) | 23 |
| Rovi Corp | Santa Clara | Dec | (14) | 21 | (20) | 39 | 227 | (18) | 15 |
| OmniVision Technologies | Santa Clara | Apr 15 | 93 | 95 | 43 | 66 | 124 | 7 | (37) |
| New Relic | San Francisco | Mar 15 | (50) | (40) | (23) | (8) | |||
| Power Integrations | San Jose | Dec | 60 | 57 | (34) | 34 | 49 | 23 | 2 |
| Qualys | Redwood City | Dec | 30 | 2 | 2 | 2 | 1 | 1 | (1) |
| Omnicell | Mountain View | Dec | 31 | 24 | 16 | 10 | 5 | 0 | 13 |
| InvenSense | San Jose | Mar 15 | (1) | 6 | 52 | 37 | 9 | 15 | 0 |
| RingCentral | San Mateo | Dec | (48) | (46) | (35) | (14) | (7) | (6) | |
| Marketo | San Mateo | Dec | (55) | (47) | (34) | (23) | (12) | (6) | |
| Hortonworks | Palo Alto | Dec | (177) | (37) | (12) | ||||
| Gigamon | Santa Clara | Dec | (41) | (10) | 8 | 17 | 7 | 13 | 8 |
| Netgear | San Jose | Dec | 9 | 55 | 87 | 91 | 51 | 9 | 18 |
| COUPONS.com | Mountain View | Dec | (23) | (11) | (59) | (23) | (12) | (9) | |
| Ruckus Wireless | Sunnyvale | Dec | 8 | 2 | 32 | 4 | (4) | (10) | |
| INPHI | Sunnyvale | Dec | (23) | (13) | (21) | 2 | 26 | 7 | (3) |
| Total all 103 With Market Cap Between $1 bil and $30 bil | 12,180 | 11,532 | 11,136 | 16,081 | 15,410 | (1,670) | (15,932) | ||
| Three Year Total Earnings: | |||||||||
| ….. 2012-14 | 34,848 | ||||||||
| ….. 2008-10 | (2,191) | ||||||||
| …….. Earnings Increase | |||||||||
| …………….Amount | 37,039 | ||||||||
| ……………. % | 1,690% | ||||||||
| Total all 92 With Market Cap Between $1 bil and $15 bil | 6,828 | 7,436 | 5,546 | 10,656 | 10,912 | 740 | (11,329) | ||
| Three Year Total Earnings: | |||||||||
| ….. 2012-14 | 19,810 | ||||||||
| ….. 2008-10 | 324 | ||||||||
| …….. Earnings Increase | |||||||||
| …………….Amount | 19,486 | ||||||||
| ……………. % | 6,022% | ||||||||
