It's very interesting that Microsoft is the first large tech company to do this in the current cycle. So many of their peers are also wallowing in cash and seemingly unwilling to make large investments so the pile keeps growing.
Companies are supposed to use their capital to innovate and create new, market-changing products and services. Perhaps it's because interest rates are so low and therefore capital is so cheap? Is the hording related to an expectation of another round of the regular tax amnesty for them to repatriate the funds to the US?
Companies are supposed to use their capital to innovate and create new, market-changing products and services. Perhaps it's because interest rates are so low and therefore capital is so cheap? Is the hording related to an expectation of another round of the regular tax amnesty for them to repatriate the funds to the US?