Gates says Microsoft to address growing cash pile
Reuters | at | by Mike
Microsoft Chairman Bill Gates said on Thursday that the world's largest software maker would craft a plan to deal with its growing cash balance, which now stands at nearly $53 billion. "There will come a point ... where we probably will change the balance sheet of the company, and make it more pure," Gates said.
Amid increasing investor and analyst scrutiny over Microsoft's growing cash position, Chief Financial Officer John Connors told a Goldman Sachs technology conference in Phoenix on Wednesday that Microsoft would provide more answers on a plan to deal with its cash by its annual analysts meeting in July.