Osprey Flyer: Largest USA Tech Companies Quarterly Earnings Dip (Charts) *Financial performance & position update*

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Largest USA Technology Companies
*Updated 10-21-11 for latest quarterly financial results reported*

Largest USA Technology Companies Quarterly Earnings Dip

Largest USA Tech Companies Profits Decrease The 9 Largest USA Tech Companies reported an aggregate quarterly net income of $28.43B through the QE 9-30-11, which is a 2-quarter low. This is a a decrease of -$2.19B and -7.16% in 3 months. Companies reporting quarterly net income decreases were Oracle (-$1.37B), Apple (-$685M), Cisco (-$575M), HP (-$378M), and Microsoft (-$136M). Those reporting increases were Intel (+$514M), Google (+$224M), IBM (+$177M), and Qualcomm (+$36M). As a result, the average return on assets dipped slightly to +15.75% from +15.95%.

Largest USA Tech Companies Assets Increase The 9 Largest USA Tech Companies reported aggregate total assets of $794.55B through the QE 9-30-11, which is the highest in the 5 quarters reviewed. This is an increase of +$16.83B and +2.16% in 3 months. Apple led the way with a +$9.61B increase, followed by Intel +$4.46B and Google +$4.23B. IBM had the largest decrease of -$3.32B followed by Microsoft of -$1.29B. The average capital ratio (total equity divided by total assets) decreased to 55.84% for these companies, compared to 56.57% previously.

Largest USA Tech Companies Market Value Rises The 9 Largest USA Tech Companies aggregate market capitalization rose to $1.525 trillion at October 21, 2011 from $1.487 trillion at September 19, 2011 (the last date measured). This is an increase of +$37.76 billion and +5.54%.

Largest USA Technology Companies: Financial Performance & Position Review*

Largest USA Tech Companies Two ways to rank which technology companies are the Largest USA Tech Companies are by market capitalization and total assets. Below is a review of the Largest USA Tech Companies compared to their peers, the largest technology companies in the United States. These 9 companies are Apple, Microsoft, IBM, Google, Oracle, Intel, Cisco, HP, and Qualcomm. How a "technology company" is defined makes the first difference and how the largest USA technologies companies are measured makes a second difference. The companies included are designated as such in the S&P 500 technology sector. Notable companies not included are Amazon, EMC Corporation, and telecommunications sub-sector companies.

Largest USA Tech Companies Financial Measurement Five measurements of the 9 Largest USA Tech Companies are reviewed. First is value, ranking by market capitalization. Second is financial position ranking by total assets and capital ratio. Third is financial performance ranking by quarterly net income and annualized return on assets. Some of these companies are on a fiscal year, therefore the latest 5 fiscal quarters for each company is included.

Largest USA Tech Companies by Market Capitalization A measure of the size of a technology company is the valuation of the company by the equity market. The market valuation below is as of the market close on Friday, October 21, 2011 and provides a snapshot. All prior and expected financial performance and position has been priced into the publicly traded stock, along with any other financial system and economic uncertainties to-date. Apple leads all technology companies, and is second in the world, with a market capitalization of $364.23B. Microsoft is 2nd at $229.03B, IBM is 3rd at $216.92B, Google is 4th at $190.66B, Oracle is 5th at $162.70B, Intel is 6th at $126.18B, Cisco is 7th at $95.59B, Qualcomm is 8th at $86.85B, and HP is 9th at $52.64. The current average market capitalization of the 9 Largest USA Tech Companies is $169.42B. The current aggregate market capitalization of the 9 Largest USA Tech Companies is $1.525 trillion.

Largest USA Tech Companies by Total Assets The size of the financial position of the Largest USA Tech Companies is measured by total assets. By this measure, 4 companies have over $100 billion in total assets at the latest quarter. HP is largest at $124.92B. Apple has moved up to second at $116.37B. followed by #3 IBM at $110.16B and #4 Microsoft at $107.42B. Next is #5 Cisco at $87.10B, #6 Oracle at $73.86B, #7 Intel at $70.55B, #8 Google at $69.09B, and #9 Qualcomm at $35.10B. The current average assets of the 9 Largest USA Tech Companies is $88.28B. The current aggregate assets of the 9 Largest USA Tech Companies is $794.55B.

Largest USA Tech Companies: Capital Ratio The strength of the financial position of the Largest USA Tech Companies is measured by the basic capital ratio (total equity divided by total assets). By this measurement, Google leads with the strongest capital of 79.36%, followed by Qualcomm at 74.93%, Apple at 65.84%, and Intel at 65.37%. Next are Oracle, Microsoft, and Cisco at 55.83%, 55.29%, and 54.26%, respectively. HP is at 31.40% and IBM is last at 20.31%. The current average capital ratio for the 9 Largest USA Tech Companies is 55.84%.

Largest USA Tech Companies: Quarterly Net Income The current profitability of the financial performance of the Largest USA Tech Companies is measured by quarterly net income. By this measure, for the latest quarter, Apple leads with a $6.62B quarterly net income for the latest quarter. Second is Microsoft at $5.74B. IBM is #3 at $3.84B, Intel is #4 at $3.47B, Google is #5 at $2.73B, HP is #6 at $1.93B, Oracle is #7 at $1.84B, Cisco is #8 at $1.23B, and Qualcomm is #9 at $1.04B. The current average quarterly net income of the 9 Largest USA Tech Companies is $3.16B. The current aggregate quarterly net income for the 9 Largest USA Tech Companies is $28.43B.

Largest USA Tech Companies: Return on Assets Annual return on assets is the ultimate measurement of a technology company's financial performance. Return on assets reveals how effectively assets are being deployed to maximize profits and a 4-quarter moving average is shown on the chart for each company. By this measurement, for the latest quarter, two companies have annual return on assets greater than 20.00%: Apple leads at 27.00%, followed by Microsoft at 23.49%. Next is #3 Intel at 19.58%, #4 Google 16.51%, #5 IBM 14.02%, #6 Oracle 13.00%, #7 Qualcomm 12.70%, #8 Cisco 7.81%, and #8 HP 7.63%. The current average return on assets of the 9 Largest USA Tech Companies is 15.75%. [Note: Return on assets differ from company reports or other sources. A more detailed method is utilized for this chart.]