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June 21st, 2005

Top 80 tech companies had $229 bln in cash in Q1 2005

Posted by ZDNet Research @ 12:10 am

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Companies in S&P 500, excluding banks and other financial institutions, had a record $766 bln in cash at the end of Q1 2005, according to Thomson Financial. The 80 tech companies on that list generated $229 bln, or 29.9% of the total.

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