Friday, July 22, 2011

Apple's Bumper Crop

Apple, Inc. continues to stockpile cash -- now up to $76.2 billion -- while investors demand dividends, according to a Wall Street Journal story. Apple remains paranoid about running out of cash back in the 1990s, when it almost went under except for a $150 million investment by Microsoft Corp. (which needed Apple as it fought anti-trust charges at the time). By the way, Microsoft has $60.9 billion in cash, and Google, Inc. has stockpiled $39.1 billion.

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