"Jerry McBride" <jmcbride@xxxxxxxxxx> wrote in message
news:vomj75x8tb.ln2@xxxxxxxxxxxxxxxxxxxxx
Roy Schestowitz wrote:
Microsoft and the American way
,----[ Quote ]
| An interesting side-note on the potential Yahoo-Microsoft deal:
| Microsoft has only $17B in cash/liquid reserves, but has bid $44.6B for
| Yahoo.
`----
http://warpedvisions.org/2008/02/03/microsoft-and-the-american-way/
$17 billion cash? Didn't they once sit on a $60 billion cash reserve at
one
time? Wow, where did all the cash go?
Cash and all equivalents, i.e. money in the bank and stocks, bonds, and
credit accounts, is more like $35B than $17B. Don't trust Roy and them to
get anything right.
But where did it go from the $60B days? Some $45B has been paid back to the
stockholders as cash dividends since then. A $3 per share dividend several
years ago depleted the reserves to around $25B, IIRC, and it has been
building back since then since MSFT is not paying out all of its profits as
dividends by any means. Some of the profits have gone into settling the
various lawsuits around the world and a lot more has gone into a buyback
program for the MSFT stock since management sees it as a bargain.
That is a sign of strength, by the way, not weakness.
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