United Technologies 2008 Annual Report Download - page 93

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Performance Graph (Unaudited)
The following graph presents the cumulative total shareholder return for the five years ending December 31, 2008 for our common stock, as compared to the Standard & Poor’s 500 Stock Index and to
the Dow Jones 30 Industrial Average. Our common stock price is a component of both indices. These figures assume that all dividends paid over the five-year period were reinvested, and that the
starting value of each index and the investment in common stock was $100.00 on December 31, 2003.
Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08
$0
$50
$100
$200
$150
United Technologies Corporation
COMPARISON OF CUMULATIVE FIVE YEAR TOTAL RETURN
S&P 500 Index Dow Jones Industrials
December
2003 2004 2005 2006 2007 2008
United Technologies Corporation $100.00 $110.73 $121.85 $138.50 $172.35 $123.35
S&P 500 Index $100.00 $110.88 $116.33 $134.70 $142.10 $ 89.53
Dow Jones Industrial Average $100.00 $105.56 $107.41 $127.84 $139.18 $ 93.93
2008 Annual Report 91