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Monday, September 22, 2008

Unlike Fed, Microsoft and HP Have No Debt and Billions in Cash

Looks like this period of “rapid and profound change” on Wall Street hasn’t much fazed Microsoft and Hewlett-Packard. This morning Microsoft’s board authorized a new five-year $40 billion share buyback plan and an 18 percent dividend boost. Meanwhile, HP said its board had approved the repurchase of $8 billion in company stock.

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About John

John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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