Two or three times on this site I predicted that today Microsoft would announce a plan to disburse their piles of cash. This prediction was based on the rapid rate at which the legal department in Redmond was taking care of anti-trust cases.
For dinner tonight I had a giant plate of crow. I was wrong. I will stop making predications about this matter and simply state that during the press conference execs said they will talk about a larger dividend or stock buyback on or before their analyst meeting in July.
For a full recount of the earnings announcement check out the CBS Marketwatch article here:
Microsoft beats Q3 earnings target; profit falls 38%
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