Apple's Cash Conundrum

Discussion in 'News' started by FSOwner, July 31, 2008.

  1. FSOwner

    FSOwner FS Owner

    Its stash may soon be bigger than Microsoft's. But should all those billions continue to lie dormant?

    Apple Inc. shareholders haven't had much to carp about, with the stock up 1,474% since 2003. But if there is one complaint, it's the company's refusal to do anything with the $20.8 billion in cash and short-term investments it has socked away. The cash just sits there, earning little more than the average savings account. "Our preference is to maintain a strong balance sheet in order to preserve our flexibility," Chief Financial Officer Peter Oppenheimer told investors earlier this year.

    [​IMG] View Full Article: BusinessWeek
     

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