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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Fred Levine who wrote (70405)	6/5/2003 10:24:45 AM
From: BWAC	Read Replies (1) \| Respond to of 70976

Fred, Companies aren't investing the cash hoards they have now. And when they do invest it, they have certainly been known to throw it down the drain. Look at all the excess capacity some of these tech companies (contract manufacturers, GLW, JDSU, etc, $Billion bubble mergers, etc.). Does CSCO need $20 Billion? Msft need $50 Billion? Companies will always keep what they need to operate and expand. The excess needs to be delivered back to the owners as dividends. The companies are not Banks. And I don't want them sitting on excess cash twittling around trying to figure out how to get a 1% money market return, buyback stock at insane prices, or embark on some misguided expansion due to the pressure of the cash needing to be put to work.