One thing becoming clear in as the volatile stock market marches into they unknown world of bank stress tests, serious government intervention, and bank roulette — technology is set apart from the rest of the field.
Many mid-to-large technology companies are well capitalized, cash-rich, and profitable. This means they can simply power through the economic doldrums, generate a large cash stash to reinvest through either acquisitions or R&D.
Below is a list of cash-rich technology companies. What will they do with all this money? My guess is that eventually, acquisitions will be on the docket.
Just for chuckles, I screened for stocks with more than $1B in cash. Below is what I got:
Stock Ticker | Company Name | Cash ($ mil.) |
AAPL | Apple Inc. | 10,018 |
MSFT | Microsoft Corp. | 8,155 |
CHL | CHINA MOBILE ADR | 11,556 |
IBM | International Business Machines Corp. | 12,472 |
T | AT&T Inc. | 2,617 |
CSCO | Cisco Systems Inc. | 3,961 |
ORCL | Oracle Corp. | 9,914 |
INTC | Intel Corp. | 5,514 |
GOOG | Google Inc. Cl A | 10,713 |
VOD | VODAFONE GROUP PL ADR | 6,709 |
HPQ | Hewlett-Packard Co. | 14,131 |
TEF | TELEFONICA, S.A. ADR | 10,665 |
SI | SIEMENS AG ADS | 13,197 |
AMX | AMERICA MOVIL ADR L | 9,251 |
VZ | Verizon Communications Inc. | 3,037 |
DCM | NTT DOMOCO ADR | 3,828 |
QCOM | Qualcomm Inc. | 2,553 |
SAP | SAP AG ADR | 3,265 |
NTT | NIPPON T & T ADR | 9,750 |
TSM | TAIWAN SEMICONDUCTOR ADR | 5,032 |
FTE | FRANCE TELECOM ADS | 5,666 |
EMC | EMC Corp. | 6,257 |
CHA | CHINA TELECOM CORPORATION ADR | 5,163 |
ERIC | ERICSSON TELEPHONE ADR | 2,923 |
INFY | INFOSYS TECHNOLOGIES ADR | 3,011 |
NOK | NOKIA ADR | 2,100 |
DTV | DIRECTV Group Inc. | 3,488 |
CHU | CHINA UNITED NETWORK COMM ADR | 1,302 |
WIT | WIPRO LTD ADS | 1,445 |
TXN | Texas Instruments Inc. | 1,217 |
RIMM | RESEARCH IN MOTION | 1,850 |
GLW | Corning Inc. | 3,075 |
DELL | Dell Inc. | 10,255 |
TI | TELECOM ITALIA SPA ADR | 7,897 |
MBT | MOBILE TELESYSTEMS ADR | 2,278 |
ADP | Automatic Data Processing Inc. | 1,965 |
CHT | CHUNGHWA TELECOM CO ADR | 2,494 |
YHOO | Yahoo! Inc. | 1,331 |
MOT | Motorola Inc. | 3,188 |
BT | BT GROUP ADR | 2,202 |
AMAT | Applied Materials Inc. | 1,596 |
BRCM | Broadcom Corp. | 1,508 |
CTSH | Cognizant Technology Solutions Corp. | 1,081 |
KYO | KYOCERA ADR | 3,351 |
ADBE | Adobe Systems Inc. | 1,138 |
NTAP | NetApp Inc. | 1,705 |
ATVI | Activision Blizzard Inc. | 2,695 |
JNPR | Juniper Networks Inc. | 1,724 |
S | Sprint Nextel Corp. | 4,373 |
ASML | ASML HOLDING | 1,471 |
SYMC | Symantec Corp. | 3,029 |
TEL | Tyco Electronics Ltd. | 1,839 |
TKC | TURKCELL ILETISIM HIZMETLERI | 2,879 |
LPL | LG DISPLAY CO LTD | 1,011 |
TSP | TELE DE SAO PAULO SA ADR | 1,306 |
MRVL | Marvell Technology Group Ltd. | 1,352 |
CA | CA Inc. | 2,583 |
PHI | PHILIPPINE LONG DISTANCE ADR | 1,127 |
MICC | MILLICOM INTL CELLULAR SA | 1,531 |
Q | Qwest Communications International Inc. | 1,196 |
SNDK | SanDisk Corp. | 1,022 |
A | Agilent Technologies Inc. | 2,646 |
KT | KT ADR | 1,321 |
PT | PORTUGAL TELECOM SA ADR | 2,871 |
ADI | Analog Devices Inc. | 1,008 |
ALTR | Altera Corp. | 1,738 |
MU | Micron Technology Inc. | 2,313 |
AUO | AU OPTRONICS ADR | 2,779 |
VMW | VMware Inc. | 2,756 |
UMC | UNITED MICROELECTRONICS CORP | 1,976 |
XLNX | Xilinx Inc. | 1,032 |
STM | STMICROELECTRONICS | 1,423 |
CSC | Computer Sciences Corp. | 2,784 |
WDC | Western Digital Corp. | 2,826 |
BMC | BMC Software Inc. | 1,369 |
STX | Seagate Technology Inc. | 2,062 |
NIHD | NII Holdings Inc. | 2,651 |
TNE | TELE NORTE LESTE PARTIC | 3,560 |
ALU | ALCATEL-LUCENT ADR | 5,132 |
DOX | Amdocs Ltd. | 1,362 |
GRMN | Garmin Ltd. | 1,291 |
SY | Sybase Inc. | 1,023 |
VRSN | VeriSign Inc. | 1,090 |
FLEX | Flextronics International Ltd. | 1,928 |
AMD | Advanced Micro Devices Inc. | 1,896 |
ERTS | Electronic Arts Inc. | 1,273 |
ASX | ADVANCED SEMICONDCTR ADS | 1,150 |
ATE | ADVANTEST ADR | 1,032 |
OTE | HELLENIC TELECOMM ORG | 1,189 |
EQIX | Equinix Inc. | 1,039 |
NSM | National Semiconductor Corp. | 1,027 |
TLAB | Tellabs Inc. | 1,147 |
SNDA | SHANDA INTERACTIVE ENTERT ADR | 1,473 |
SAY | SATYAM COMPUTER SERVICE LTD. | 1,147 |
VIP | VIMPELCOM ADR | 1,530 |