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Loadsamoney!

Time: 00:00 EST/05:00 GMT | News Source: Economist | Posted By: Robert Stein

MONOPOLY rents, or the fruits of vigorous innovation? Never mind how Microsoft, the world's largest software company, amassed its $56 billion pile of cash and short-term investments�what should it do with it now? Bill Gates, the firm's boss, is said to like having enough money on hand to survive a year with zero sales. But even that would mean holding on to a mere $28 billion or so. Despite multi-billion-dollar legal settlements with many of its erstwhile rivals and its ongoing antitrust battle with the European Commission�this week Microsoft filed an appeal against the �497m ($612m) fine slapped on it in March�it is clear that the company has more than enough cash to deal with its legal woes, a previous justification for inaction. The company now says that it will outline its plans at its annual analysts' meeting in late July.

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