Hold On
Time to hold on to your jaws folks! Microsoft has announced a 32 billion dollar payout, yup, you read right, that's 32 of the biggest Bs, as part of a $3 per share one-time special dividend. Of this, Gates' share is $3.3 billion, which has been pledged to the Bill and Melinda Gates Foundation, the country's largest foundation of its kind. Microsoft has estimated cash reserves of almost $56 billion, the payout will reduce that figure to a more earthly $20 billion, though the company does continue to add an amazing $1 billion every month in extra cash to its coffers.

(source - this article from nyt) posted by ubaid - Tuesday, July 20, 2004 at 8:53 PM - 0 comments - post anonymously