Apple has more cash in the bank than IBM, Hewlett-Packard, Intel and Google. “Apple’s $15.4 billion stash is indeed the biggest of the group, putting the iPod maker in the elite ranks of well-heeled Fortune 500 tech companies.”, writes Fortune’s Jon Fortt. While the company’s coffers can’t quite match those of Microsoft and Cisco, unlike the latter two, Apple doesn’t pay a dividend to its stockholders, nor does the company buy back much stock or make major acquisitions.
Fortt then goes on to ask the billion dollar question: “So what does CEO Steve Jobs have in mind for all those greenbacks?” A number of options are suggested, including sharing some of the fruits of Apple’s labor with shareholders or making strategic purchases.
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