Cash machine hummin'
Microsoft apparently hasn't lost its ability to produce huge amounts of cash. The company's quarterly results today included word that its balance of cash and short-term investments has reached nearly $64.5 billion, an increase of $4 billion from three months ago. Key figures such as revenue and earnings were also improved companywide. The upcoming $32 billion special dividend payout and a planned stock buyback of as much as $30 billion are expected to decrease the cash reserves significantly in the long run.
See the company's earnings release, plus coverage by the Associated Press, Bloomberg and Reuters.
Posted by Todd Bishop at October 21, 2004 05:54 PM
