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West Santa Clara County, Financial Timeline Thursday, November 27     Author
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Apple has biggest tech industry cash pile


May 2008 ... more > Top ^

May.5
  It historically has belonged to Microsoft. Apple's balance has been reaching $19.4 billion as a result of the cash generated by Mac and iPod



year 2007 Top ^

Jun.1
  Santa Clara: A report released by the city: A football stadium would bring $85 million annually to Santa Clara


year 2006 Top ^

Apr.28 $1 billion cut in expenses by end of year
  Intel: The corporation will be conducting a comprehensive review of its operations

year 2005 Top ^

Sep.30 Officials say Google dodging taxes
  Mountain View: The city and county officials say Google dodging taxes by building on federal land

year 2004 Top ^

Mar.15 Veritas to restate results
  Mountain View: Veritas Software has uncovered a series of accounting abuses that will force to recalculate its results for the past 3 years Feb.23 IRS auditing 2001, 2002 returns
  Intel: The Internal Revenue Service review got underway last month


year 2003 Top ^

Dec.16 County supervisors tackles budget crisis
  Santa Clara: The Board of Supervisors voted to halt millions of dollars worth of projects and to plan for budget cuts Sep.29 $1.05 billion charge for fiscal 4th quarter
  Sun: Sun Microsystems revised its quarter results after realizing its first-quarter loss will be greater than expected
Aug.6 $600 million proposed tax adjustment  Intel: The IRS notice is related to a tax benefit for export sales taken by Intel May.15 Intel Capital makes investment in Russia  Investment division of chip-making giant agreed to invest in Moscow-based ru-Net Holdings Jan.17 Veritas to Restate 2000 and 2001 Results  Mountain View: The regulators review Veritas transactions with AOL Time Warner

year 2002 Top ^

Aug.13 New financial services unit  HP: The new unit is the result of combining more than 1,500 financing professionals from its merger with Compaq Aug.9 Sun Microsystems Loaned $6.3 Million
  Computer maker had loaned $6.3 million to 6 current and former executives and directors since 1999
Jun.4 Cost cuts achieved ahead of schedule  HP: Fiorina says Hewlett-Packard will exceed some of the financial targets it set for its hard-fought acquisition of Compaq Mar.7 Standard & Poor's cuts credit ratings  HP: Potential benefits of the planned $22 billion acquisition of Compaq are offset by the deal's high risks

year 2001 Top ^

Nov.13 Covad gets $150 million loan  Santa Clara: High-speed Internet provider signed a loan from rival SBC Communications Jun.19 HP faces credit downgrade  Credit rating agency revised Hewlett-Packard's outlook from stable to negative Feb.6 PayPal to introduce credit card  Palo Alto: Online payment broker will issue a secured credit card to 6 million accountholders through Providian Jan.23 Stanford Names New CFO  Livingston is currently the CFO of OpenTV. He succeeds Byerwalter

year 2000 Top ^

Nov.22 Swim Club pays off IRS bill  Santa Clara: Club where Mark Spitz trained no longer has a bill of $100,000 and a possible bankruptcy Oct.4 Intuit, PayBill deal  Mountain View: Intuit and PayBill will cross-market their products



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