Microsoft Corp., which has $20 billion of cash in the bank, is among the first in the Puget Sound area to benefit from the investment in roads and bridges through President Barack Obama’s stimulus plan.
Local planners allotted $11 million of $214 million awarded to the region to help pay for a highway overpass in Redmond, Washington, connecting one part of Microsoft’s wooded campus with another. The world’s largest software maker will contribute almost half of the $36.5 million cost. Other federal and local money will pay the rest.
'Bridge to Microsoft' Gets Federal Stimulus Funds
"Among the first to benefit from the investment in roads and bridges through Obama's stimulus plan is Microsoft, which has $20B in the bank. Local planners have allotted $11M to help pay for a highway overpass to connect one part of Microsoft's wooded campus with another. Microsoft will contribute almost half of the $36.5M cost; other federal and local money will pay the rest. 'Steve Ballmer or Bill Gates could finance this out of pocket change,' griped Steve Ellis of the Taxpayers for Common Sense. 'Subsidizing an overpass to one of the richest companies in the country certainly isn't going to be the best use of our precious dollars.' Ellis called the project 'a bridge to Microsoft,' alluding to Alaska's infamous 'Bridge to Nowhere'."
Microsoft shares fall on weaker PC growth outlook
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Morgan Stanley analyst Adam Holt expects PC unit sales to fall by 11 percent for calendar year 2009, down from his previous outlook of a 2 percent decline.
Comments
G. Michaels
2009-03-16 19:39:20
I was wondering if you're also going to do a hard-hitting investigative piece about how companies like Google and IBM use offshore tax shelters to, as you say, "help their own business"?
Also, maybe just a nitpick here as you call it when people question major chunks of your (continually incorrect) premises, but how can Microsoft be "near debt" if the article says they have $20B in the bank? Just wondering.
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2009-05-06 04:37:06