Wednesday, April 25, 2007

Man, I wonder how much they'd be making without that pesky Internet?

The current issue of Booz Allen's Strategy & Business magazine contains some interesting data points - salutory reading for those who might think that the web has dismembered industry as we know it:

Companies are sitting on mountains of cash, much more than they need. Holdings
at NYSE- and Nasdaq-listed companies topped a record $2.7 trillion in 2005, and
they are growing at 24 percent annually. By industry, the largest cash increases
in the past decade were in media (1,700 percent), utilities (1,360 percent), and
telecommunications (1,300 percent).

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