tag:blogger.com,1999:blog-13751054.post2687494383404515852..comments2023-06-08T11:58:31.030-04:00Comments on On-Tech E-Rate Musings: A little fact-checkingOn-Techhttp://www.blogger.com/profile/13423450823765892451noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-13751054.post-77224196396706108232014-03-17T13:22:07.077-04:002014-03-17T13:22:07.077-04:00I got interested in the authors' question: &qu...I got interested in the authors' question: "Why, one might ask, does the FCC have bigger reserves than a Fortune 500 corporation?" The answer, of course, is that the FCC is being prudent, recognizing that demand on CAF will grow in future years, so it's putting money aside.<br /><br />But I was really wondering: How big are corporations' cash reserves? Let's look at the biggest I can think of off the top of my head (numbers are from Yahoo! Finance today):<br />Microsoft: $83 billion<br />Google: $57 billion<br />Apple: $40 billion (plus another $100 million overseas)<br /><br />What about the bottom of the Fortune 500?<br />Nash-Finch: $1.2 million (had to use EDGAR to look at their 8-K to get this)<br />CA: $3 billion<br />YRC Worldwide: $176 million<br /><br />So the FCC does have more cash than some companies on the Fortune 500.On-Techhttps://www.blogger.com/profile/13423450823765892451noreply@blogger.com