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Moody's: Tech sector could hold half of cash and liquid investments this year

Published 11/20/2017, 03:21 PM
© Reuters.  Moody's: Tech sector could hold half of cash and liquid investments this year
  • Cash and liquid investments of U.S. companies not in the financial industry will total $1.9T at year’s end, according to Moody’s.
  • The total represents about a 5% growth on the year.
  • Top five by cash: Apple (AAPL -0.1%), Microsoft (MSFT), Alphabet (GOOGL), Cisco (CSCO +1.5%), and Oracle (ORCL +0.3%).
  • The top five will hold about $679B of cash or about 35% of the total.
  • Moody’s expects the tech sector’s cash share to rise to almost half of the non-financial cash holdings this year, compared to 47% last year.
  • Offshore cash, which could benefit from the Republican tax plan, could total $1.4T this year or 72% of the total cash.
  • The top five will have $594B or 88% of their cash overseas.
  • Source: MarketWatch
  • Previously: Google cuts prices on Compute Engine GPUs (Nov. 20)
  • Now read: Cisco First Look: A Step In The Right Direction


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