The Financial Times points out that many technology companies are cash-rich and intend to stay so in order to ride out the recession. Apple sits atop nearly $26 billion in cash, while Microsoft keeps $19 billion in its pocket (and is probably grateful that its bid for Yahoo was declined, given how that would have decimated its bank balance).
Surprisingly, IBM is relatively cash-poor, with only $3.3 billion in the bank, and Oracle? Well, let's just say Oracle needs its acquisition strategy to start feeding it fat profits because its bank balance is $700 million underwater.
As for … Read more