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Microsoft works cash harder | |
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||
| Time: 10:26 EST/15:26 GMT | News Source: Seattle Times | Posted By: Todd Richardson | ||
|
John Connors' willingness to take a risk with Microsoft's $56.4 billion in cash is paying off. The company's chief financial officer has generated a 7.3 percent average annual return on investments in the past three years. The gain is almost triple that produced by companies with more than $1 billion in sales, according to Chicago-based consulting firm Treasury Strategies. Microsoft, with more cash than any U.S. non-finance company, has performed "pretty darned well" by investing more in stocks and bonds with lower credit ratings, Connors said | ||
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| #1 By 20 (24.173.210.58) at 7/2/2004 10:34:35 AM |
| How could you not right now? The economy is going crazy/gangbusters! |
| #2 By 931 (66.180.122.195) at 7/2/2004 4:05:19 PM |
| hey dufas thier talking about the return on thier investments... not there accumulation of capital... jesus! |
| #3 By 3653 (68.54.230.116) at 7/2/2004 11:02:57 PM |
| From the messages posted, it is obvious that JWM and Halcyon didnt read the first word of the actual article. C'mon guys, at least take a look at the article before posting. On second thought, I'm not sure reading the article would actually help JWM. |
| #4 By 3653 (68.54.230.116) at 7/3/2004 1:08:35 PM |
| Oh God, please stop this "who can post the most" contest. |
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