Skip to: Content
Skip to: Site Navigation
Skip to: Search
WEDNESDAY, NOVEMBER 25, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


0

Apple Hoards $15B—Why?

Fortune speculates on the tech giant's plans for cash wad

Share

(Newser) – Regulatory filings reveal Apple has $15.4 billion stockpiled, leading to curiosity about its plans for the cash. The company itself hasn't offered much of an answer, but in its Big Tech blog, Fortune speculates Apple could acquire smaller companies, perhaps buying its way into a new area like social networking, though history suggests it won't be making any big acquisitions.

The company has given few clues apart from comments by the CFO that cash is useful for big projects and that "we do discuss share buyback and other forms of returning cash to the shareholders with the board from time to time." But Fortune suggests such measures would offer Apple little value while its stock continues to skyrocket.

Apple iPod Nanos are seen on display in San Francisco, Wednesday, Sept. 5, 2007. (AP Photo/Paul Sakuma)
Apple iPod Nanos are seen on display in San Francisco, Wednesday, Sept. 5, 2007. (AP Photo/Paul Sakuma)   (Associated Press)
A T-shirt logo is shown at the Apple Store West 14th Street in New York on Thursday, Dec. 6, 2007. (AP Photo/Mark Lennihan)
A T-shirt logo is shown at the Apple Store West 14th Street in New York on Thursday, Dec. 6, 2007. (AP Photo/Mark Lennihan)   (Associated Press)
Steve Jobs Kicks Off Apple's Worldwide Developer Conference
Steve Jobs Kicks Off Apple's Worldwide Developer Conference   (Getty Images)
Apple stockpiles cash
Apple stockpiles cash   (Getty Images)
Hundreds waited in the rain for the Apple Store to open their doors as Apple released the new Apple next-generation software, OS X Leopard, at the store at 59th Street in New York City Friday, October 26, 2007. (AP Photo/Craig Ruttle)
Hundreds waited in the rain for the Apple Store to open their doors as Apple released the new Apple next-generation software, OS X Leopard, at the store at 59th Street in New York City Friday, October...   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.24.09
Murdoch and Microsoft: The Mice Are Trying to Roar
11.23.09
Books Are Bad for You
0 comments
VIEWING:
 
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

469 Stories

Facebook
Edges Closer
to Going Public

It revamps stock but says it has no IPO plans 'at this time'

Nov 24, 09 3:54 PM CST
(Newser) - Facebook revamped its stock structure today in a move sure to heat up speculation that it's going public. The company will have two classes of shares, A and B, reports the Wall Street Journal . Everyone currently on board will hold B shares, with 10 times the voting power of A... More »

MORE ABOUT:
Google • Facebook • Mark Zuckerberg • shareholders • business • stocks • IPO • tech stocks

mac vs pc

Windows-to-Mac Software Should Scare Microsoft

Parallels' product makes choice of operating system less important

Nov 4, 09 12:36 PM CST
(Newser) - Conflicted about choosing sides in the apocalyptic showdown between Microsoft and Apple? No need to worry—in this brave new world, you can have your cake and eat it. Parallels is Mac software that allows users to seamlessly integrate Windows programs, even the entire desktop. So, for just $79.99—... More »

MORE ABOUT:
Apple • Microsoft Windows • Macintosh • Mac OS X • operating system • personal computers • software applications • Parallels

AT&T Sues Verizon Over 'Misleading' TV Ads

Spots wrongly suggest a lack of coverage in large areas, it says

Nov 3, 09 5:31 PM CST
(Newser) - AT&T went to court today to try to stop Verizon from mocking its wireless coverage in new TV commercials. The lawsuit contends that Verizon uses "misleading" maps to suggest that AT&T customers get no coverage at all in large swaths of the country. Verizon's "There's a... More »

MORE ABOUT:
Verizon • Apple • commercials • lawsuit • AT&T • 3G network

469 Stories


Related articles

Wired News speculates about Apple's cash plans
Wired

In March, Business Week writer suggested siphoning some for a VC fund
BusinessWeek


Technology  •  Business 
TwitterFollow @NewserTech on Twitter

 
investing • Apple • tech companies • tech stocks

from our news partners