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In Pictures: Top tech hoarders - 15 companies with...
EMC’s cash pile spiked to $11.1 billion at the end of June, up from $6.5 billion in the prior quarter. The $11.15 tally consists of $7.5 billion in cash and cash equivalents, plus $3.6 billion in short-term investments. EMC’s long-term debt amounts to $7.2 billion. Notably, EMC started paying a dividend for the first time this year. In May, EMC’s board approved the initiation of a quarterly cash dividend, the first of which ($0.10 per share) was paid in July. The board also increased EMC’s share buyback program from $1 billion to $6 billion.
In Pictures: Top tech hoarders - 15 companies with huge cash piles