Technology Recession News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 america's 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 she's been playing defense ever since. >> it was a terrible deal and it really led to the destruction of the company. >> reporter: so what was this deal? fiorina wanted hp t...

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 carly was asked about that and a strong defense of the record at the debate, and listen to this. >...

Ad is very misleading in many ways. yes, all of that will be brought up. it's 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. you're kind of selective because you're 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 again. i think if you look at it over 15 years, you will see that what i'm describing is correct. t...

Ad is very misleading in many ways. yes, all of that will be brought up. it's 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. you're kind of selective becse you're 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 again. i think if you look at it over 15 years, you will see that what i'm describing is correct. the...

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 and that technology heavy stock index dropped again so if you look at it over 15 years you will see...