Two Markets: Technology and the Rest

Scott Raynovich

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

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