On Fri, 21 Nov 2008 01:45:18 +0000, Roy Schestowitz wrote:
> Microsoft May Sell Debt in First-Ever Bond Offering (Update1)
> ,----[ Quote ]
> | Microsoft Corp. may sell debt in what would be the world’s largest
> software | maker’s inaugural bond offering.
Microsoft became the first company in a decade to receive the top rating
from Standard & Poor’s in September when it decided to raise funds. The
bond proceeds would go toward general corporate purposes, including stock
buybacks, acquisitions, capital expenditures and working capital.
The company has $4 billion remaining in its debt authorization after
selling $2 billion in commercial paper last quarter. The software maker
had $20.7 billion in cash and short- term investments as of Sept. 30.
Dang! where did that 40 Billion $ in cash go ??
Seems Microsoft has burnt off 20 Billion $ in cash the last decade.
Not bad for a company the Wintrolls tell us is doing selling more Windows
OSes than ever before ?
Hmm, maybe the Wintrolls are being less than honest again ?
If we wish to reduce our ignorance, there are people we will
indeed listen to. Trolls are not among those people, as trolls, more or
less by definition, *promote* ignorance.
Kelsey Bjarnason, C.O.L.A. 2008