Microsoft is shedding its cash. For years, MS has sat on billions in cash -- while many other companies are used to servicing debt -- striking fear in the hearts of start-ups, as the money-man could come in at any time, buy them out, or finance the competing division to wipe them off the map.
They are now going to take their cash hoard and give it directly to shareholders.
No word on if this will take major shareholder Bill Gates from the second richest man in the world (behind the IKEA founder) to the first richest.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment