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Article: SARTA Tech Index Shows Slump in Market Caps; Sacramento Area Regional Technology Alliance Releases Second Quarter Index of the Region's Tech Industry's Economic Health.
- Article from:
- Business Wire
- Article date:
- September 8, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SACRAMENTO, Calif. -- The SARTA Tech Index(TM) slumped in Q2, 2006 after significant growth in Q1, 2006. The overall decline was a result of slumping stock market capitalizations of several local companies, but was balanced by significant growth in local privately-held Index companies. As a measure of the greater Sacramento region's high tech economy, this reflects increased activity in start-ups and the potential for future economic growth.
At 166.34 for the three months ending June 31, 2006, SARTA's second quarter Tech Index(TM) fell by 5.78% over the Index's numbers for the first quarter of 2006. Since its inception in 2003, this is the first SARTA Tech Index ...