Tech is where it is at…A Moody’s Investor Services report found that the tech sector dominates the top 50 cash-rich companies. Just look at the list of top 5 cash companies: Apple, Microsoft, Google, Cisco and Pfizer. These 5 hold $379bln, or 26% of the total non-financial corporate balance of companies rated by Moody’s.

And when it comes to cash hoarding, Moody’s says the tech sector has the largest stockpile among industries at $515bln. Healthcare/pharmaceuticals is a distant second, with $146bln. That pile of cash is partly why the TV industry is anxiously eyeing what these companies plan on doing next. At CableFAX’s recent TV Innovation Summit, Rogers Venture Partners general Partner Mike Lee made a bold prediction. “Between Google, Twitter, Facebook, Apple—TV is in the crosshairs. They are certainly going to be participants, maybe not distributors or suppliers, but they are part of the experience for the lifestyle of the consumer,” Lee said.” I’d probably include Microsoft in that as well.” Even if it’s not a virtual MSO service, it is clear that these companies have the pockets to make waves in the TV space.
Apple is #1 on the list of cash-rich companies, with $147bln of cash accounts for 9.9% of total non-financial corporate cash. It’s followed by Microsoft ($77bln), Google ($54.4bln) and Cisco ($50.6bln). There are plenty of other tech firms on the list, including Oracle, Qualcomm, Intel and Accenture. Media players on Moody’s list of top 50 cash-rich companies include DISH (#26 with $9.5bln), Twenty-First Century Fox (#33, $6.7bln) and Comcast (#45, $5.2bln). 

The Daily


Charter Wins New Broadband Subs With Help from EBB

Charter’s investments in its broadband network continue to pay dividends. The operator welcomed another 365,000 internet customers during 2Q21.

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up


Sep 10
Most Powerful Women – 2021 Nominations Due: Sept 10, 2021
Dec 7
Most Powerful Women CelebrationSave the Date!
Full Calendar


Seeking an INDUSTRY JOB?

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact for more information.