100 Largest California Technology Corps With Market Caps of $2 Bil+ Excluding eBay Generated 4Q 2017 Real On-Their-Own Total Earnings Exclusive of the Initial Trump Tax Cuts Act Effect of $59.531 Bil, Up a Very Robust 38% Over Their 4Q 2016 Total Earnings of $43.002 Bil ........................................................................................ eBay Was Excluded Since It Recorded a Massive Income Tax Benefit of $4.6 Bil in the 4Q 2016 Due to a Legal Restructuring (If eBay Is Included, These 101 California Tech Corps 4Q 2017 Total Earnings Are Up 23%) ........................................................................................ On the Other Hand, the 37 Largest California Health Care Corps With Market Caps of $2 Bil+ Generated 4Q 2017 Real On-Their-Own Exclusive of the Initial Trump Tax Cuts Act Effect Total Earnings of $4.887 Bil, Down 23% From Their 4Q 2016 Total Earnings of $6.373 Bil (If Gilead Sciences Is Excluded, the Remaining 36 California Health Care Corps 4Q 2017 Total Earnings Decline By Only 1%) ........................................................................................ 13 Largest California Non-Tech and Non-Health Care Corps With Market Caps of $10 Bil+ or Equivalent Excluding Wells Fargo Generated 4Q 2017 Real On-Their-Own Total Earnings Exclusive of the Initial Trump Tax Cuts Act Effect of $6.472 Bil, Up a Robust 25% Over Their 4Q 2016 Total Earnings of $5.159 Bil ........................................................................................ Wells Fargo Was Excluded Since It Used Much of Its 4Q 2017 $3.9 Bil of Income Tax Benefits From Trump Tax Cuts Act Tax Debt Forgiveness to Slickly Offset Large Financial Litigation Earnings Charges (If Wells Fargo Is Included, These 14 California Non-Tech and Non-Health Care Corps 4Q 2017 Total Earnings Are Down By 14%) ........................................................................................ Altogether, These 152 California Corps Received 4Q 2017 Total Income Tax Benefits From US Federal Income Tax Debt Forgiveness of $42.6 Bil and Were Nailed With 4Q 2017 Total Foreign Earnings Repatriation Mandatory Toll Tax Expenses of More Than Double That of $88.1 Bil ........................................................................................ Of the $42.6 Bil Of Tax Debt Forgiveness, $9.0 Bil of It Was Awarded to Foreign Corps or to US Subsidiaries of Foreign Corps

From SEC filings, below here is Net Income (Loss) From Continuing Operations for the 4Q 2017 and the 4Q 2016 as well as the Trump Tax Cuts Act (TTCA) 4Q 2017 US Federal Income Tax Earnings Effects for the 101 largest California Technology Corps with stock market caps of at least $2 Bil, the 37 largest California Health Care Corps with stock market caps of at least $2 Bil and the 14 largest California Corps in Other Sectors with stock market caps or Book Value of Equity of at least $10 Bil.  REITs and Utilities are excluded.

										Trump
								Trump	Trump	Tax
			Co					Tax	Tax	Cuts
			Quarter	US GAAP	US GAAP			Cuts	Cuts	Act
			End	Net	Net			Act	Act	Mandatory
			When	Income	Income			US	Decrease	Foreign
			Trump	(Loss)	(Loss)			Federal	in Value	Earnings
			Tax	Dec 17	Dec 16			Income	of Deferred	Repatriation
			Cuts	Jan 18	Jan 17			Tax	Income	Toll
		State	Act	or Feb 18	or Feb 17	Better		Debt	Tax	Tax
California Corporations	City Hqs	HQs	Signed	Quarter	Quarter	(Worse)		Forgiveness	Assets	Expense
				mils $	mils $	mils $		mils $	mils $	mils $
Technology Companies
Apple	Cupertino	CA	Dec 17	20,065	17,891	2,174		12,700		(15,300)
Broadcom Ltd	San Jose	CA	Jan 18	6,581	257	6,324		5,810
Facebook	Menlo Park	CA	Dec 17	4,268	3,568	700		257		(2,530)
Visa	San Francisco	CA	Dec 17	2,522	2,070	452		1,100		(1,100)
HP Inc	Palo Alto	CA	Jan 18	1,938	611	1,327		1,145
Hewlett Packard Enterprises	Palo Alto	CA	Jan 18	1,482	251	1,231		1,800		(1,000)
Symantec	Mountain View	CA	Dec 17	1,311	(56)	1,367		1,600		(821)
NVIDIA	Santa Clara	CA	Jan 18	1,118	655	463		176	(43)	-
PayPal Holdings	San Jose	CA	Dec 17	620	390	230		1,295		(1,468)
Adobe Systems	San Jose	CA	Feb 18	583	398	185			(10)	(118)
Lumentum Holdings	Milpitas	CA	Dec 17	205	12	193			(83)
Netflix	Los Gatos	CA	Dec 17	186	67	119			(47)	(32)
Seagate Technology	Cupertino	CA	Dec 17	159	297	(138)			(208)
Yelp Inc	San Francisco	CA	Dec 17	142	8	134
Applied Materials	Santa Clara	CA	Jan 18	135	703	(568)				(1,006)
Flex Ltd	San Jose	CA	Dec 17	118	129	(11)
Shutterfly	Redwood City	CA	Dec 17	112	91	21			(9)
Arista Networks	Santa Clara	CA	Dec 17	104	59	45			(33)	(19)
KeySight Technologies	Santa Rosa	CA	Dec 17	94	109	(15)		117	-	-
Twitter	San Francisco	CA	Dec 17	91	(167)	258
Logitech Intl	Newark	CA	Dec 17	81	97	(16)			(16)
Teledyne Technologies	Thousand Oaks	CA	Dec 17	68	53	15		22		(26)
Salesforce.com	San Francisco	CA	Jan 18	68	(51)	119
CoreLogic	Irvine	CA	Dec 17	65	6	59		38
Advanced Micro Devices	Santa Clara	CA	Dec 17	61	(51)	112
J2 Global	Los Angeles	CA	Dec 17	50	43	7		33		(49)
Marvell Technology	Santa Clara	CA	Jan 18	49	(64)	113
Microsemi	Aliso Viejo	CA	Dec 17	48	20	28		12
Coherent	Santa Clara	CA	Dec 17	42	31	11			(13)	(28)
Stamps.com	El Segundo	CA	Dec 17	40	29	11			(13)
Veeva Systems	Pleasanton	CA	Jan 18	34	22	12
Fair Isaac	San Jose	CA	Dec 17	27	38	(11)			(7)	(5)
Synnex	Fremont	CA	Feb 18	24	62	(38)		26		(68)
Trade Desk	Ventura	CA	Dec 17	17	10	7			(1)
Zynga	San Francisco	CA	Dec 17	13	(35)	48		2
Monolithic Power Systems	San Jose	CA	Dec 17	12	17	(5)			(10)	(42)
Xilinx	San Jose	CA	Dec 17	12	142	(130)		424		(583)
Ellie Mae	Pleasanton	CA	Dec 17	10	11	(1)		9
Verifone Systems	San Jose	CA	Dec 17	7	(18)	25		3	-
Roku	Saratoga	CA	Dec 17	7	3	4
Stitch Fix	San Francisco	CA	Jan 18	4	-	4			(5)
Qualys	Foster City	CA	Dec 17	3	6	(3)			(10)
Cavium	San Jose	CA	Dec 17	(1)	(122)	121		12
Semtech	Camarillo	CA	Jan 18	(1)	8	(9)		3		(2)
Callidus Software	Dublin	CA	Dec 17	(2)	(5)	3
Alteryx	Irvine	CA	Dec 17	(2)	(6)	4
Mellanox Technologies Ltd	Sunnyvale	CA	Dec 17	(3)	9	(12)
Viavi Solutions	San Jose	CA	Dec 17	(4)	49	(53)
Synopsys	Mountain View	CA	Jan 18	(4)	87	(91)			(46)	(73)
Blackline	Woodland Hills	CA	Dec 17	(6)	(16)	10
RingCentral	Belmont	CA	Dec 17	(6)	(7)	1
Zscaler	San Jose	CA	Jan 18	(7)	(10)	3		-
New Relic	San Francisco	CA	Dec 17	(8)	(14)	6
Coupa Software	San Mateo	CA	Jan 18	(9)	(7)	(2)
Cornerstone On Demand	Santa Monica	CA	Dec 17	(9)	(19)	10
Lam Research	Fremont	CA	Dec 17	(10)	333	(343)			(54)	(703)
Proofpoint	Sunnyvale	CA	Dec 17	(11)	(23)	12		2
Pure Storage	Mountain View	CA	Jan 18	(12)	(43)	31
Cadence Design Systems	San Jose	CA	Dec 17	(14)	38	(52)			(25)	(67)
Square	San Francisco	CA	Dec 17	(16)	(15)	(1)		1
Power Integrations	San Jose	CA	Dec 17	(17)	14	(31)		-	(5)	(35)
Maxlinear	Carlsbad	CA	Dec 17	(19)	8	(27)			(16)	(1)
Twilio	San Francisco	CA	Dec 17	(19)	(13)	(6)
Intuit	Mountain View	CA	Jan 18	(21)	13	(34)			(39)
Splunk	San Francisco	CA	Jan 18	(25)	(74)	49
Mulesoft	San Francisco	CA	Dec 17	(25)	(13)	(12)
Okta Inc	San Francisco	CA	Jan 18	(25)	(18)	(7)
Viasat	Carlsbad	CA	Dec 17	(26)	5	(31)			-
Zendesk	San Francisco	CA	Dec 17	(27)	(25)	(2)
ServiceNow	Santa Clara	CA	Dec 17	(28)	(33)	5
Fortinet	Sunnyvale	CA	Dec 17	(29)	25	(54)			(48)	(15)
Box Inc	Redwood City	CA	Jan 18	(33)	(37)	4
Palo Alto Networks	Santa Clara	CA	Jan 18	(35)	(61)	26
Trimble	Sunnyvale	CA	Dec 17	(35)	38	(73)			(3)	(79)
Cypress Semiconductor	San Jose	CA	Dec 17	(36)	11	(47)		3
Dropbox	San Francisco	CA	Dec 17	(38)	(29)	(9)
Cloudera	Palo Alto	CA	Jan 18	(44)	(61)	17
Guideware Software	Foster City	CA	Jan 18	(46)	4	(50)			(29)
Plantronics	Santa Cruz	CA	Dec 17	(50)	22	(72)		-	(7)	(69)
Aerojet Rocketdyne	El Segundo	CA	Dec 17	(52)	18	(70)			(65)
Nutanix	San Jose	CA	Jan 18	(63)	(76)	13
Atlassian Corp	San Francisco	CA	Dec 17	(65)	(2)	(63)			(47)
Integrated Device Technology	San Jose	CA	Dec 17	(68)	33	(101)			(10)	(92)
Maxim Integrated Products	San Jose	CA	Dec 17	(75)	130	(205)			(14)	(237)
FireEye	Milpitas	CA	Dec 17	(77)	(62)	(15)
Workday	Pleasanton	CA	Jan 18	(89)	(88)	(1)
KLA-Tencor	Milpitas	CA	Dec 17	(134)	238	(372)			(101)	(341)
Juniper Networks	Sunnyvale	CA	Dec 17	(148)	189	(337)			(135)	(155)
AutoDesk	San Rafael	CA	Jan 18	(174)	(173)	(1)		32
Electronic Arts	Redwood City	CA	Dec 17	(186)	(1)	(185)			(26)	(151)
Snap Inc	Venice	CA	Dec 17	(350)	(170)	(180)
VMware	Palo Alto	CA	Dec 17	(440)	441	(881)			(167)	(800)
NetApp	Sunnyvale	CA	Jan 18	(506)	146	(652)			(117)	(739)
Activision Blizzard	Santa Monica	CA	Dec 17	(584)	254	(838)			(81)	(555)
Intel	Santa Clara	CA	Dec 17	(687)	3,562	(4,249)		676		(6,100)
Western Digital	San Jose	CA	Dec 17	(823)	235	(1,058)		88		(1,660)
Alphabet	Mountain View	CA	Dec 17	(3,020)	5,333	(8,353)		376		(10,200)
Oracle	Redwood City	CA	Feb 18	(4,024)	2,239	(6,263)		744	-	(7,600)
Qualcomm	San Diego	CA	Dec 17	(5,953)	681	(6,634)			(562)	(5,386)
Cisco Systems	San Jose	CA	Dec 17	(8,778)	2,348	(11,126)			(900)	(10,200)
Total all 100				15,577	43,002	(27,425)	-64%	28,506	(3,005)	(69,455)
Total all 100 Excluding TTCA Effect				59,531	43,002	16,529	38%
eBay	San Jose	CA	Dec 17	(2,597)	5,948	(8,545)	-144%		(1,700)	(1,400)
Total all 101				12,980	48,950	(35,970)	-73%	28,506	(4,705)	(70,855)
Total all 101 Excluding TTCA Effect				60,034	48,950	11,084	23%
Health Care Companies
McKesson	San Francisco	CA	Dec 17	960	649	311		1,260		(434)
Jazz Pharmaceuticals plc	Palo Alto	CA	Dec 17	232	117	115		155		(6)
Halozyme Therapeutics	San Diego	CA	Dec 17	124	(27)	151
Bio-Rad Labs	Hercules	CA	Dec 17	70	(21)	91		121		(55)
Illumina	San Diego	CA	Dec 17	58	108	(50)				(150)
ICU Medical	San Clemente	CA	Dec 17	50	10	40			(1)	(2)
AMN Healthcare Services	San Diego	CA	Dec 17	41	26	15		14
Edwards Lifesciences	Irvine	CA	Dec 17	36	159	(123)		3		(297)
Nuvasive	San Diego	CA	Dec 17	24	6	18		12
Align Technology	San Jose	CA	Dec 17	10	48	(38)			(10)	(74)
ResMed	San Diego	CA	Dec 17	10	77	(67)			(7)	(120)
Penumbra	Alameda	CA	Dec 17	9	(2)	11			(15)
Neurocrine Biosciences	San Diego	CA	Dec 17	7	(45)	52
Masimo	Irvine	CA	Dec 17	-	215	(215)			(9)	(35)
Inogen	Goleta	CA	Dec 17	(1)	5	(6)			(8)
Ligand Pharmaceuticals	San Diego	CA	Dec 17	(3)	(7)	4			(32)
Nevro	Redwood City	CA	Dec 17	(4)	(10)	6
Ionis Pharmaceuticals	Carlsbad	CA	Dec 17	(5)	26	(31)
AnaptysBio	San Diego	CA	Dec 17	(7)	(5)	(2)
Dexcom	San Diego	CA	Dec 17	(9)	(7)	(2)
Fibrogen	San Francisco	CA	Dec 17	(22)	(34)	12
Denali Therapeutics	South San Francisco	CA	Dec 17	(23)	(19)	(4)
Nektar Therapeutics	San Francisco	CA	Dec 17	(34)	(42)	8
Intuitive Surgical	Sunnyvale	CA	Dec 17	(39)	204	(243)			(48)	(270)
Global Blood Therapeutics	South San Francisco	CA	Dec 17	(41)	(27)	(14)
Biomarin Pharmaceuticals	Novato	CA	Dec 17	(51)	(91)	40			(33)
Herbalife Ltd	Los Angeles	CA	Dec 17	(63)	99	(162)			(153)
Puma Biotechnology	Los Angeles	CA	Dec 17	(64)	(73)	9
Acadia Pharmaceuticals	San Diego	CA	Dec 17	(69)	(79)	10
Ultragenyx	Novato	CA	Dec 17	(82)	(71)	(11)
Portola Pharmaceuticals	South San Francisco	CA	Dec 17	(92)	(55)	(37)
Varian Medical Systems	Palo Alto	CA	Dec 17	(112)	8	(120)			(38)	(169)
Cooper Cos	Pleasanton	CA	Jan 18	(123)	76	(199)			(13)	(189)
Molina Health Care	Long Beach	CA	Dec 17	(262)	(47)	(215)			(54)
Agilent Technologies	Santa Clara	CA	Jan 18	(320)	168	(488)			(53)	(480)
Amgen	Thousand Oaks	CA	Dec 17	(4,264)	1,935	(6,199)	-320%	1,200		(7,300)
Total all 36				(4,059)	3,274	(7,333)	-224%	2,765	(474)	(9,581)
Total all 36 Excluding TTCA Effect				3,231	3,274	(43)	-1%
Gilead Sciences	Foster City	CA	Dec 17	(3,836)	3,099	(6,935)	-224%	308		(5,800)
Total all 37				(7,895)	6,373	(14,268)	-224%	3,073	(474)	(15,381)
Total all 37 Excluding TTCA Effect				4,887	6,373	(1,486)	-23%
Companies in Other Sectors
Walt Disney	Burbank	CA	Dec 17	4,473	2,488	1,985		1,900		(300)
American Honda Finance	Torrance	CA	Dec 17	3,370	119	3,251		3,025
Chevron	San Ramon	CA	Dec 17	3,118	438	2,680		2,020	-	-
Charles Schwab	San Francisco	CA	Dec 17	597	522	75			(46)
Ross Stores	Dublin	CA	Jan 18	451	301	150		55
Clorox	Oakland	CA	Dec 17	233	150	83		60		(7)
The Gap	San Francisco	CA	Jan 18	205	220	(15)		2		(59)
Monster Beverage	Corona	CA	Dec 17	201	173	28			(40)	(2)
First Republic Bank	San Francisco	CA	Dec 17	194	179	15			(40)
CBRE Group	Los Angeles	CA	Dec 17	171	265	(94)		15		(158)
SVB Financial Group	Santa Clara	CA	Dec 17	125	104	21			(34)
Franklin Resources	San Mateo	CA	Dec 17	(572)	419	(991)		53		(1,121)
Tesla	Palo Alto	CA	Dec 17	(771)	(219)	(552)
Total all 13				11,795	5,159	6,636	129%	7,130	(160)	(1,647)
Total all 13 Excluding TTCA Effect				6,472	5,159	1,313	25%
Wells Fargo	San Francisco	CA	Dec 17	6,241	5,304	937	18%	3,900	-	(173)
Total all 14				18,036	10,463	7,573	72%	11,030	(160)	(1,820)
Total all 14 Excluding TTCA Effect				8,986	10,463	(1,477)	-14%
Grand Total all 152 California Corps				23,121	65,786	(42,665)	-65%	42,609	(5,339)	(88,056)
Grand Total all 152 Excluding TTCA Effect				73,907	65,786	8,121	12%