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To: Les H who wrote (4388)	12/28/2002 1:56:36 PM
From: Les H	Respond to of 29601

Tech giants reportedly raising cash on hand nandotimes.com Agence France-Presse WASHINGTON (December 27, 2002 8:15 p.m. EST) - The biggest technology companies have been increasing the amount of cash on hand in a year that has seen a deep sales slump in the sector, The Wall Street Journal reported Friday. The business daily said technology titans Microsoft, Oracle, Cisco, Intel and Dell hold $87 billion in cash and liquid investments, compared to $77 billion a year ago, indicating they are not as badly off as their 35 percent drop in revenues would suggest. Each company has its own cash-generating method: Microsoft by steering customers to its more costly, top-of-the-line products such as Windows XP; Dell by cutting costs with computer sales over the Internet; Cisco by slashing production costs; Oracle through fees for consulting, product updates and technical support; and Intel by charging more for the industry's most expensive chips. The cash and questions on what they plan to do with it have become somewhat of an embarrassment for some companies such as Microsoft, with $40 billion cash on hand, and Cisco with $21 billion, who say they are using it to accelerate repurchasing of their own stock, the daily said. more at link above.