The State of Innovation and Entrepreneurship in Orange County
April 30, 2009
Gary Augusta
OCTANe President & CEO
Introduction of Indexes
1. Orange County Innovation Stock Index (OCIS)
– – – – Comprised of publicly traded, R&D driven Orange County based companies in the fields of biomedical, technology and clean tech OC companies compared to Dow Jones 30, S&P 500 and Nasdaq 100 Examined over 1, 5 and 10 year time horizons Ongoing and will be updated monthly on our website Model approach on how to look at and measure a region in both innovation and entrepreneurship Mostly quantitative with some qualitative A “living breathing platform” to institutionalize within OC (OCTANe role)
2. Orange County Innovation Ecosystem Index (OCIE)
Orange County Innovation Stock Index (OCIS)
Welcome to the ‘OCI 30’
Companies
• • • • • • • • • • • • • • • Broadcom Conexant Western Digital Quality Systems QLogic Emulex Microsemi Quest Software Epicor Mindspeed Newport Corp. Powerwave STEC MSC Software Multi-Fineline Electronics • • • • • • • • • • • • • • • Allergan Edwards Lifesciences Beckman Coulter I-Flow ICU Medical Masimo Valeant Pharm Ceradyne Clarient Endologix Universal Electronics Peregrine Pharm Spectrum Pharm ISTA Pharm Smith Micro
Methodology
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30 Orange County-headquartered R&D based companies Construct similar to Dow 30 Market Cap/Ent value > $100MM and/or annual R&D of $20+MM Prices taken monthly on 1st day All prices adjusted for splits and dividends Had to be public company for today’s presentation
The OCI 30 beat all indexes except the Dow Jones over the last decade…
220.00 200.00 180.00 160.00 140.00 120.00 100.00 80.00 60.00 40.00 20.00
OCI 30 S&P500
DOW30 NAS 100
…and tied the Nasdaq 100 for best performance over the last 5 years…
160 140 120 100 80 60 4/1/2004 4/1/2005 4/1/2006 4/1/2007 4/1/2008 4/1/2009
OCI 30 S&P 500
Dow 30 Nas 100
…but has been clearly the BEST over last year
120 110
OCI 30 S&P500
DOW30 NAS 100
100
90 80 70 60 50
40