MSFT has over $20 BILLION in Cash...
On Oct 6, 12:56 pm, "\"Lone Wolf\"" <[EMAIL PROTECTED]> wrote: > It's over Gaar > > Microsoft, Schering-Plough See `Entire Economy' in Jeopardy > > By Dina Bass and Shannon Pettypiece > Enlarge Image/Details > > Sept. 30 (Bloomberg) -- Officials from Microsoft Corp. to Office Depot > Inc. and Schering-Plough Corp. said the government's failure to bail > out the U.S. banking industry put the ``entire economy'' at risk > unless a deal comes soon. > > ``The various sectors of the economy are so intricately linked, we > need to recognize that the entire economy turns on what happens > here,'' Microsoft General Counsel Brad Smith said in an interview > after the House of Representatives voted 228 to 205 yesterday against > giving Treasury Secretary Henry Paulson the authority to buy troubled > assets from financial companies. > > ``It is a pity that this has developed into such a mess,'' said Fred > Hassan, chief executive officer of drugmaker Schering- Plough in > Kenilworth, New Jersey. ``The probability of recession has gone up.'' > > Disbelief > > General Electric Co., with businesses that span real estate, consumer > finance, aerospace, energy equipment, media and health care, has > talked with leaders in the House to express support for the bill, a > person familiar with GE's efforts said. > > Business officials expected the bill to pass, even with government > leaders predicting a tight vote. That's why companies didn't speak up > sooner about how important the legislation was, Microsoft's Smith > said. > > ``I absolutely cannot believe it,'' said David Cosper, chief financial > officer of Sonic Automotive Inc., the third- largest U.S. publicly > traded auto retailer. ``I don't think the House knows what they're > doing. We need this, the markets are frozen, banks are being taken > over -- it's a crisis. I think they're leaving it in the lurch and > going on a break.'' > > http://www.bloomberg.com/apps/news?pid=20601087&sid=a0h7E2HwQpUk&refe... > > Bank Writeoffs May Triple as Bond Spreads Fall on TARP (Update2) > By Jody Shenn and Caroline Salas > > Oct. 6 (Bloomberg) -- The U.S. Treasury's $700 billion plan to rescue > the nation's banks from the subprime mortgage debacle may help bonds > rebound from losses of at least 90 percent while contributing to > writedowns at financial institutions. > > The Troubled Asset Relief Program, or TARP, signed into law by > President George W. Bush Oct. 3, allows banks to sell toxic assets > above current prices, driving down yields on some bonds relative to > benchmarks, said Eugene Flood, chief executive officer at Smith > Breeden Associates Inc., which manages $27 billion in fixed-income > assets. Spreads may retrace a quarter of their widening since the > credit crisis began, Flood said. > > http://www.bloomberg.com/apps/news?pid=20601087&sid=a3sQgEZQHX6w&refe... > > On Oct 7, 6:41 am, Gaar <[EMAIL PROTECTED]> wrote: > > > > > On Oct 6, 11:54 am, "\"Lone Wolf\"" <[EMAIL PROTECTED]> wrote: > > > > Big Companies such as Microsoft and GE have said before the bailout > > > was approved that they risk insolvency if a credit crunch sets in, > > > there will be no money to buy back shares. > > > WTF? > > > You haven't a CLUE do you!?!?!?!?!? > > > Do you even understand how much CASH MSFT has on Hand?- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
