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During the current turbulent market times I like to find comfort in cash rich balance sheets of companies with stable businesses. Three of these companies are Juniper Networks (NYSE:JNPR) NetApp (NASDAQ:NTAP) and Nvidia (NASDAQ:NVDA). I like companies with a lot of cash because they have the ability to withstand downturns as well as buy back significant amounts of stock or acquire a company if needed. In special situations they may also allow for a special dividend which is a nice bonus.

Juniper Networks is a networking infrastructure company that mainly provides routers and servers as well as security to its customers. Its main customer is cisco. Most recently it popped on rumors that EMC (NYSE:EMC) would acquire it although it seems to be a long shot. It has a market cap of 8.4 billion and net cash of 2.44 billion. That makes the company 29% cash. It also has a book value of 7.2 billion. I believe the shares are a value at 16.

NetApp is a play on the cloud. It makes servers that allow for companies to utilize cloud storage. The company has been in the news numerous times on buyout rumors but it has recently settled down after Oracle (NYSE:ORCL) CEO said they weren't going to buy anything for a while. Its biggest competitor is EMC. EMC currently holds 33% market share in the industry while NetApp holds 16%. NetApp also has the number one operating system ONTAP. It has a market share of 10.2 billion and net cash of 4.2 billion. 40% of the company is in cash. It also has a book value of 4.4 billion. The company is a value under 30.

Nvidia is a major maker of GPUs for PC's and Processors for mobile devices such as cell phones and tablets. It currently shares the GPU market with AMD (NYSE:AMD) and has 54% of the market. Its Tegra processor has recently been included in the new Microsoft surface tablet and is in many android devices such as the Nexus 7. It has a market cap of 7.5 billion and net cash of 3 billion. This means 40% of the company is in cash. It also has a book value of 4.5 billion. The company is a value at 12.

All three of these companies have stable and well known businesses. While they are currently depressed I believe their balance sheets will buffer further downside as well as provide a benefit to the shareholder in the near future. As an added bonus two of thethree of these companies have had rumors of a buyout. At current prices all of them are a buy.

Source: 3 Cash Rich Tech Stocks