Microsoft CFO eyeing new Aquisitions
Forbes publishes today an interview with Microsoft CFO,John Connors.
He is explaining how M$ are aiming to juggle with the $60billion cash they have sloshing around. After sorting out shareholders he says
Quote:
The first thing was to keep enough cash on hand to give us flexibility to manage things like a severe short-term economic dislocation or investment opportunities. We haven't publicly said how much cash that will be, but it's probably fair to assume that, after the upcoming distribution, we will still have around $25 billion to $40 billion on hand.
and he makes this telling statement
Quote:
We also want to have enough for acquisitions. We have made a series of acquisitions, some of them for cash. And while most of them have been fairly small, we also want to be able to make some game-changing investments if we so choose. Any large acquisition would likely be a combination of cash and equity.
Wonder who they have their eyes on, $25 to 40 billion buys you a lot of christmas presents, why Google is "only" capitalised at $48 billion.
- Y! MyWeb