A View from Wade Roush

Big Comeback for Bay Area Technology

The Internet implosion of 2000 left citizens of the San Francisco Bay Area in an economic swoon that’s lasted nearly four years. But the signs of recovery are growing plainer, especially in the technology sector. The largest 200 companies in…

  • May 4, 2004

The Internet implosion of 2000 left citizens of the San Francisco Bay Area in an economic swoon that’s lasted nearly four years. But the signs of recovery are growing plainer, especially in the technology sector. The largest 200 companies in the Bay Area had combined profits of $32.7 billion in 2003, up from a collective loss of $8.8 billion in 2002. The stock value of these companies increased by 59 percent over 2002 levels, to $1.4 trillion. And nine of the ten best-performing companies in the region were in the areas Technology Review covers most closely, including biotechnology, the Internet, and computing. That’s all according to the San Francisco Chronicle, which released its annual listing of the Chronicle 200 on Monday.

The ten best-performing companies in the Chronicle 200, as determined by percentage revenue growth and profit growth, return to investors, and market value, were:

1) SanDisk (memory cards, Sunnyvale)
2) Genentech (biopharmaceuticals, South San Francisco)
3) Juniper Networks (networking equipment, Sunnyvale)
4) Advanced Micro Devices (microchips, Sunnyvale)
5) Yahoo! (Internet portal, Sunnyvale)
6) Lexar Media (memory cards, Fremont)
7) Symantec (security software, Cupertino)
8) Align Technology (orthodontics, Santa Clara)
9) Atmel (microchips, San Jose)
10) Netflix (Internet DVD rentals, Los Gatos)

Job growth in the Bay Area hasn’t kept pace with the general economic recovery; California claimed only 5,200 of the 308,000 jobs added nationwide in March. But as technology-related businesses recover, the Bay Area economy can’t help but follow. Electronics and technology services account for 40 percent of the region’s revenues, 28 percent of profits and 62 percent of market capitalization, according to the Chronicle.

Uh oh–you've read all of your free articles for this month.

Insider Premium
$179.95/yr US PRICE

Want more award-winning journalism? Subscribe to Insider Premium.
  • Insider Premium {! insider.prices.premium !}*

    {! insider.display.menuOptionsLabel !}

    Our award winning magazine, unlimited access to our story archive, special discounts to MIT Technology Review Events, and exclusive content.

    See details+

    What's Included

    Bimonthly magazine delivery and unlimited 24/7 access to MIT Technology Review’s website

    The Download: our daily newsletter of what's important in technology and innovation

    Access to the magazine PDF archive—thousands of articles going back to 1899 at your fingertips

    Special discounts to select partner offerings

    Discount to MIT Technology Review events

    Ad-free web experience

    First Look: exclusive early access to important stories, before they’re available to anyone else

    Insider Conversations: listen in on in-depth calls between our editors and today’s thought leaders

/
You've read all of your free articles this month. This is your last free article this month. You've read of free articles this month. or  for unlimited online access.