IT Management Slideshow: 10 Tech Giants: How Financially Sound Are They?
Making the right technology choices for your enterprise isn't solely a matter of evaluating products and services. It's also important to keep an eye on the overall financial health of the tech companies you're partnering with to meet your crucial enterprise needs. If you haven't been following the world of finance lately, you should know that Apple has finally come up with an idea of what to do with all of the cash it has on hand. According to the company, it will initiate both dividends and a stock-buyback program to reward investors for staying loyal over the years. The move is something that many financial analysts and critics have been hoping to see from the Cupertino, Calif.-based company for years. Although Apple is getting the Lion's share of the attention from the financial press lately, there are several other technology companies that are also trying to maximize shareholder value. Here, we dig into the financials of 10 of the technology world's biggest companies to help you figure out which of those firms are doing well and which of them are not. (Data for this report is based on Google Finance statistics as of March 19, 2012.)
Stock price: $601.10Cash and short-term investments on-hand: $98 billionMarket Cap: $560.45 billionNote: What more can be said about Apple's incredible financial performance? The company is delivering the most sought-after devices in the world and consumers are lining up to buy them.