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.




