I can't find examples of companies going through voluntary liquidation (what Michael Dell recommended Apple do in 1997). It's hard to find tech companies that

I can't find examples of companies going through voluntary liquidation (what Michael Dell recommended Apple do in 1997). It's hard to find tech companies that pay dividends. Adobe, for instance, is in the perfect position to pay dividends. It is a group of cash cows that might suddenly get destroyed by new market entrants. They're putting the money in a vault [1], but they're not paying dividends [2]. The problem, as I see it, is that companies refuse to admit they're dying. It's the weirdest thing. [1] http://finance.google.com/finance?q=adbe http://finance.google.com/finance?q=adbe [2] http://sec.edgar-online.com/2008/04/04/0001047469-08-004108/Section11.asp http://sec.edgar-online.com/2008/04/04/0001047469-08-004108/...