Tech Cash is King

By Paul Kedrosky · Wednesday, April 22, 2009 ·

With tech equities off to their best annual start since 1998, it is another reminder that having a lot of cash and minimal debt is a good thing these days -- for companies as well as for people. And tech leads in that regard, as Bloomberg points out:

Technology companies in the S&P 500 on average have the most cash and least borrowings relative to total assets among 10 industries, according to Bloomberg data. Eighteen of them are debt-free, including Apple Inc., Google Inc. and Qualcomm Inc., twice the number in all other industries combined, data show.

More here.