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Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

July 27, 2006 at 3:45 PM

FAM: We knew it was big, but…

Microsoft CFO Chris Liddell gave a recap of the $20 billion tender offer to buyback stock, announced during the company’s fourth quarter earnings report last week. And he added this little factoid:

“It’s about five times bigger than any other tender that’s been carried out,” he told a room full of financial analysts. “This is unprecedented in terms of size and in terms of commitment, from our point of view, to return $20 billion in 20 days.”

Taking a longer view, he outlined how Microsoft has used its cash between fiscal year 2002 and 2006:

Net cash generated from operations: $76 billion

Dividends: $10 billion

Special dividends: $33 billion

Buybacks: $43 billion

That’s $86 billion returned to shareholders. The company spent $7 billion on acquisitions and capital expenditures.

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