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Microsoft May Give Tips on Investing $49 Billion | |
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| Time: 11:14 EST/16:14 GMT | News Source: Reuters | Posted By: Robert Stein | ||
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Microsoft Corp. MSFT.O , with its global dominance in PC software, is sometimes said to have a license to print money. But Microsoft might find it tougher to deploy its cash hoard of $49 billion. When it released fiscal-year 2003 results last Thursday, Microsoft said it added $2.9 billion of cash in the quarter ended June 30. It earned $689 million from investments, nearly one-third of its pre-tax income, according to its fiscal fourth-quarter income statement. And on its balance sheet, Microsoft reported $13.7 billion in equity and other investments for the period ended June 30, 2003. | ||
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