Fitch Report: Liquidity for the U.S. Technology Sector Generally Solid (Business Wire)

Thursday October 9, 12:21 pm ET NEW YORK--(BUSINESS WIRE)--In a special report issued today, Fitch Ratings says liquidity for the U.S. technology sector is generally solid, supported by strong cash balances and free cash flow (FCF), providing a cushion to address potential liquidity issues. According to the report, cash balances for the technology industry have remained in record territory at approximately $250 billion. In the near term, Fitch expects industry cash to remain at current levels or increase as the state of the credit markets requires a prudent approach to utilization of excess liquidity. Fitch continues to consider the various geographic locations of a company's cash position as well as the portfolio breakdown of the cash and marketable securities for its liquidity analysis. As international expansion continues,... [read full story]