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Microsoft CFO promises answers on cash pile's fate

Time: 17:20 EST/22:20 GMT | News Source: Forbes.com | Posted By: Byron Hinson

Microsoft Corp will outline a plan to deal with its growing pile of cash on hand, now at nearly $53 billion, before its annual analysts meeting in July, Chief Financial Officer John Connors said on Wednesday. Amid growing clamor among investors for Microsoft to return more of the money to them, the world's largest software maker has long maintained that it would hold on to its massive cash pile as long as the threat of major litigation remains.

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