
Things Apple Can Buy for That $98 Billion
Apple scheduled a surprise conference call for later this morning to discuss its $98 billion pile of reserve cash; specifically, whether shareholders will get any of it.
Steve Jobs liked the security of having the money in the bank. It gave Apple the freedom to make a major acquisition without having to borrow and guarded against catastrophe. But Jobs’s successor Tim Cook has said Apple has more cash than it needs to run on a daily basis and told shareholders that he is “not religious” about keeping a large amount in savings.
On today’s conference call, Apple will announce the outcome of board discussions. The announcement of the announcement instantly provoked speculation. Would Apple pay dividends? Make an acquisition? Paper the walls of 1 Infinite Loop with Benjamins? Read More

