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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2291 |
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9).
Microsoft’s growth accelerated at a phenomenal rate, as did the company’s net worth. As reflected in the organization’s bottom line, the release of consumer-friendly Windows 95, on August 24, 1995, was another significant milestone attained by the dominating company (Wikipedia, 2008). In September of 1995, Microsoft’s short-term investment and cash portfolio totaled $5...
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In September of 1995, Microsoft’s short-term investment and cash portfolio totaled $5.1 billion. The company did not have any material long-term debt, and had $70 million reserved in multinational currency lines of credit. According to the 1995 Quarterly Report filed with the United States Securities and Exchange Commission (SEC), Microsoft had historically funded its operating needs solely by the income generated from operations and short-term investments, and planned to continue doing so...
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