• Since the late 1980s, there has been a sharp decline in new high-tech company formations. This decline follows a period of rapid formation of such companies during the second half of the 1970s and into the early 1980s. (For more information see: Small Business and High Technology and Trends in New U.S. High-Tech Business Startups.)

• Software development companies exhibited strong relative share growth in the early 1990s. Other fields experiencing such growth were the biotechnology, advanced materials, and photonics and optics fields. (For more information see: Trends in New U.S. High-Tech Business Startups.)

• Fewer than 7 percent of U.S. high-tech companies are foreign owned-down from 11 percent just 2 years ago. The United Kingdom is the largest foreign holder of U.S. high-tech companies, followed by Japan and Germany. (For more information see: Foreign Ownership of U.S. High-Tech Companies.)

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