Apple Earnings Rise 67%, Easily Beating Forecasts. Up over $13 in after hours trading

[AAA]

If I was stakeholder, I'd wonder about why they are sitting on a 13B warchest, with no debt, and not using it to grow even better.

[Silencio]

[quote AAA]If I was stakeholder, I'd wonder about why they are sitting on a 13B warchest, with no debt, and not using it to grow even better.
How would you spend that money?

Personally, I'd hire quite a few more people down in Cupertino. I know the HR department is trying pretty hard (I see lots of Apple job openings listed on Monster), but talented people who'll fit in at Apple don't grow on trees.

[AAA]

I am not the CEO/Board. But people don't invest money for companies to sit on it. Apple has sat on a pile of cash for years. I can do that for you. Give me your money. You do understand the idea of money being invested, right?

They even noted that on tonight's business matters (PBS).

[davester]

[quote AAA]I am not the CEO/Board.
Obviously.

Anybody can be a critic. Only a few are able to walk the walk. If you're so smart, why aren't you rich?

[rankandfile]

>If I was stakeholder, I'd wonder about why they are sitting on a 13B warchest, with no debt, and not using it to grow even better.

Because there is the Mother of All Recessions looming on the horizon.

[Numo]

Is it possible that for a company to have an ample cash reserve is actually a prudent thing to do, just like it is for an individual?

[richorlin]

Monday after Leopard is released there will be a general disappoint and the stock will fall 10%
or
maybe pigs will fly and I'll be 30 years younger with all my hair.

[IronMac]

[quote Ammo]Is it possible that for a company to have an ample cash reserve is actually a prudent thing to do, just like it is for an individual?
Well, you can look at it in a variety of ways. You can ask if the company is doing anything with the money that will allow it to earn a higher rate of return on that money than an investor can ear. If not, they should return that money back to the investor.

Some say that having a huge amount of cash makes a company a likely takover target, ie. others will make a bid for the company in order to get at the cash.

13 billion is a LOT of money and I don't know if Apple is able to use it up or not in other profitable endeavours.

[AAA]

http://www.businessweek.com/technology/c...402290.htm

Davester bitched:
Obviously.

Anybody can be a critic. Only a few are able to walk the walk. If you're so smart, why aren't you rich?

Again, anyone can camp on money. What's your definition of rich? I might just qualify.

[AAA]

[quote rankandfile]>If I was stakeholder, I'd wonder about why they are sitting on a 13B warchest, with no debt, and not using it to grow even better.

Because there is the Mother of All Recessions looming on the horizon.
As soon as the USA Presidential elections occur, and taxes rise, I agree.