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Cash Rich Tech Companies

by Andrew McKinnon on November 1, 2008 at 04:25 PM



Valleywag has run a stock screener using the Yahoo Finance screening tool to determine the most cash rich tech companies of today. A vital question for the Investor and the spectator of these high-tech firms is how are the Microsofts, Intels and Apples managing their balance sheets during these shaky economic times? Are these firms over-leveraged?

To the casual observer Silicon Valley may seem like a profligate culture, spending large amounts of money on massages and exotic buffets for even the lowliest programmer. Technology companies do indulge on pool tables and team- building t-shirts but they generally keep large reserves of cash in order to stay competitive in the cutthroat technology marketplace where a 20-year old MIT dropout may render your business model obsolete at the drop of a hat.

The top ten is a who's who of the technology world, Microsoft, Cisco, Apple, Google, Intel. China Mobile is the most cash rich with $31.0 Billion, with Cisco in second with $26.2 Billion followed by Microsoft and Apple. China Mobile's place at the top should come as no surprise, given that China has over one trillion US dollars in its cash reserves and China Mobile is, like most Chinese Multinationals, largely government-owned.

[From Valley Wag, image courtesy of ]

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