: Back in Black"> Tech: Back in Black As it was in 1999, it was hard not to make money in technology in 2003. The industry hasnt climbed all the way back, but all financial markets rose steadily over the year, ending at or near yearly highs.Meanwhile, the first full year of Carly Fiorinas new and even bigger Hewlett-Packard Co. could be considered a success, as the company turned an operating profit of $1.1 billion in the fourth quarter. Next page: What Price Outsourcing?
In marked contrast to the late 90s, sustainable business models won out. Some of the more successful tech businesses this year were the dot-coms. Amazon.com Inc., which turned its first-ever quarterly profit and may be profitable for the year, saw its stock rise from the single digits in late 2002 to more than $60 per share in 2003. Likewise, Yahoo Inc. went from $33 a share to more than $61. eBay Inc. peaked at more than $115 per share and then split its stock.