1st Quarter 2008 Results
The SARTA Technology Index dropped by 0.87 percent in the first quarter of 2008. Stock prices at regional publicly-traded companies contracted for a third consecutive quarter, slowing down overall Index growth. In addition, employment numbers flattened out, showing a net increase of only two employees across the private companies on the Tech Index. Private equity investment activity also slightly underperformed the dollars raised by startups during the first quarter of 2007.
Historical Results
Overview
SARTA Index
| 1Q07 | 2Q07 | 3Q07 | 4Q07 | 1Q08 |
| 224.94 | 231.48 | 237.95 | 265.51 | 263.2 |
Highlights
| 4Q07 | 1Q08 | % Change | |
|---|---|---|---|
| Public Mkt Cap | $1,629,419,143 | $1,534,440,000 | -5.83 % |
| Private Sales | $581,314,659 | $586,314,659 | 0.00 % |
| Private Employees | 2,679 | 2,681 | 0.07 % |
| Private Equity | $28,548,905 | $11,600,000 | 40.63% |
* Amounts for 1Q08 only include companies that were also on the prior (4Q07) quarter's Index. The sales number includes 12 months of revenue. Equity is shown as additional money, therefore $11.6M is additional equity of 40.6% above and beyond 4Q's $28.5M.