Slashdot Mirror
Microsoft Raises $3.8B in Bond Sale
pfleming writes "Microsoft quietly, or not so quietly, raised some cheap cash in bond sales yesterday. For a company that already has a huge cash war chest and doesn't carry debt, what is the incentive to sell nearly $4 billion in bonds? From the article: 'Microsoft is sitting on $25 billion in cash, so the company doesn't need the bond proceeds "unless they have something big in mind," says Reena Aggarwal, professor of finance at Georgetown University's McDonough School of Business.'"
25B? That's a lot of chairs, Steve.
"The difference between genius and stupidity is that genius has it's limits" - Albert Einstein
No, this is the new chair fund. They're even building a chair-throwing range with moving targets.
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