> Do you have any examples where accumulation of cash corresponded with lack of innovation. No challenge, just curious. Aren't we discussing an article about M

> Do you have any examples where accumulation of cash corresponded with lack of innovation. No challenge, just curious. Aren't we discussing an article about Microsoft? Certainly the perception is that Microsoft has not innovated. (Whether or not you agree, that's at least the general perception.) Microsoft has been piling up the cash, despite the fact that Microsoft has been paying a dividend for ten years. They've bought back 20% of the outstanding shares. They've bought dozens of companies. They've spent a billion dollars repairing Xboxes. And despite all that, they just can't spend it fast enough. Their cash hoard just keeps increasing in size. Note: Correlation does not imply causation.