Earlier quoted context omitted.
Good point. SAP is an order of magnitude bigger than Skype but the point about getting into this space if they're serious about getting into a different space is a good one. Netsuite, intuit & salesforce are trading @ $2.3b, $16.75b & $17.9b. They could conceivably buy all three with just this 'overseas cash' they supposedly need to spend and still have change. Thinking about MS's available cash in terms of companies…
According to this article, Microsoft are sitting on a $50bn (!) pile of cash, $42bn of which is located ouside the US: http://blogs.forbes.com/ericsavitz/2011/05/10/microsoft-with... They could do nearly six Skype-sized deals, just using cash (without issuing bonds or using stock!) Incredible. They could probably buy SAP, but their cash pile would be gone, plus they would have to give up a significant amount of stock…
http://www.investorplace.com/33461/apple-inc-nasdaq-aapl-cas...