Technology Recession News Today

A non-partisan attack. tom foreman has that. >> reporter: when carly fiorina took the top job at the technology giant hp in 1999 she was riding a wave of professional success, fortune magazine called her americas most powerful female executive. >> i led hewlett packard through a very difficult time, the worst technology recession in 25 years. >> good morning, everybody. >> reporter: then launched a single massive deal and shes been playing defense ever since. >> it was a terrible deal and it rea...

Tech companies were failing. >> that is true. >> and yet hp underperformed all of the other companies a at this time. >> and it is 99 and the dot-com bubble was about to burst, and not a great time for tech, but ibm and others fell but not as far as hp, and lucent where she was a rising star, the stock prices went up, but there was a lot of funny accounting going on at that company, and debt financing, and loaning the money to customers to buy the equipment, and that has gotten criticism. >> and...

Ad is very misleading in many ways. yes, all of that will be brought up. its important to remember that i led hp during the worst technology recession in 20 years. the technology stock dropped by 80%. it took 15 years for that stock index to recover. youre kind of selective because youre saying that dropped. by 2005 when you were let go, it had only dropped 23% which was only half what hp stock had dropped at that point. you were half as bad as the market was in 2005. >> yes, and that dropped ag...

Ad is very misleading in many ways. yes, all of that will be brought up. its important to remember that i led hp during the worst technology recession in 20 years. the technology stock dropped by 80%. it took 15 years for that stock index to recover. youre kind of selective becse youre saying that dropped. by 2005 when you were let go, it had only dropped 23% which was only half what hp stock had dropped at that point. you were half as bad as the market was in 2005. >> yes, and that dropped agai...

Up. so, it is important to remember i led h.p. during the worst technology recession in 25 years and the nasdaq, the technology heavy stock index drops by 80 percent. it took 15 years for that stock index to recover to its previous high. >> if i may, you are selective saying where the storm was but the nasdaq dropped 80 percent, but when you were let go it only dropped 23 percent which was only half of what h.p. stock had dropped at that point. you were twice as bad as the market in 2005. >> yes...

For those looking to create jobs, why should they pick you and not donald trump? >> i led hewlett packard throw a very difficult time, the worst technology recession in 25 years. the nasdaq stock index fell 80%. it took 15 years for the stock index to recover. we had very strong competitors who literally went out of business and lost all of their jobs in the process, despite the difficult times. we doubled the size of the company. we quadruples its top line growth rate, quadruples the cash flow....

Very difficult time, the worst technology recession in 25 years. the nasdaq stock index fell 80%. it took 15 years for the stock index to recover. we had very strong competitors who literally went out of business and lost all of their jobs in the process, despite the difficult times. we doubled the size of the company. we quad drooped the top growth line and tripled the rate of invasion. yes, we had to make tough choices. and in doing so, we saved 80,000 jobs, went on to grow to 160,000 jobs and...

Think america saw these candidates for who they really are and what they can offer as the president of the united states of america. >> congresswoman, they went through the issues. they went deep into policy issues. one thing that also came up, though -- obviously, this is a debate so theres a lot of attacking each others record. carly fiorinas record at hewlett-packard also came into question. listen to this. >> i led hewlett-packard through a very difficult time. the worst technology recession...

They had a really interesting exchange on their business background, on bankruptcies, on her experience as a ceo. lets take a listen to that. >> i led hewlett-packard through a very difficult time. the worst technology recession in 25 years. >> she cant run any of my companies. i can tell you that. >> you ran up mountains of debts, as well as losses, using other peoples money and you were forced to file for bankruptcy, not once -- >> i never filed for bankruptcy -- >> four times. a record four t...

Their jobs. then she negotiated a $40 million golden parachute after she was fired. heres carly fiorinas policy record, an affinity for sending american jobs overseas. what do you say for this under your tenure? >> you are reading the dnc talking points. heres the thing about business unlike politics, in business the results are crystal clear and reported in excruciating detail every 90 days. and i had to stand up to explain the results every 90 days. if i misrepresented them in any way, i was c...