#1 Jun 27, 2011
The taxpayers are not investing in Windstream Technologies. The city bond is secured by the city for 10 years and is to be paid back while adding much needed jobs, tax revenue, and additional consumer spending in the local markets. Private, institutional investors and Banks are NOT investing and lending readily.
I applaud Windstream Technologies in keeping the manufacturing and jobs in the USA. One telephone call to China or South Korea would put together a manufacturing deal and funding.
Do we want jobs here in the USA or let them continue to go overseas?
Companies hold record $837B in cash, yet won't hire workers.
Updated 7/29/2010 12:14 AM
Scared to spend
Companies continue to stockpile cash, in part, because they don't want to be caught in a bind like many were when credit markets froze in late 2007 through 2009, says Lee Pinkowitz, finance professor at Georgetown University. "Companies want cash for a rainy day," he says. "People didn't realize how rainy it could get."
Meanwhile, cash is ballooning as technology companies have a more significant presence in the economy, Kahle says. Most of the biggest holders of cash are technology firms, including Cisco Systems (CSCO), Microsoft (MSFT), Google (GOOG), Apple (AAPL), Oracle (ORCL) and Intel (INTC), which routinely hold big cash piles to prepare for a sudden shift in technology.
Meanwhile, investors are being more patient than usual with cash-rich companies.
Investors don't want companies to rush out and invest and hire just because they have cash, says Marc Gerstein, research consultant for market data provider Portfolio 123. "Getting a low return on cash is the second-worst thing companies can do. The worst thing is to waste the cash."
#3 Oct 24, 2012
Fast forward to today. Windstream has laid off all workers including salaried and hourly. In one report they were out of funding (2.2 million of direct local tax dollars) and other report they cite the closure is because of a defective breaking system.
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