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+ - Apple's $15 billion cash hoard

Submitted by schmaustech
schmaustech (766915) writes "Pop quiz: Which tech company has the most cash?

(A) IBM (IBM)
(B) Hewlett-Packard (HPQ)
(C) Intel (INTC)
(D) Google (GOOG)
(E) Apple (AAPL)

If you picked E, congratulations. 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. (Only Microsoft (MSFT) and Cisco Systems (CSCO) stockpile more.) And lately the stacks have been rising fast; Apple has added $5 billion to its coffers in the past year alone, according to regulatory filings.

Unlike Microsoft and Cisco though, Apple (AAPL) doesn't pay a dividend, doesn't make big acquisitions, and doesn't buy back many shares. Last month the company reported that since 1999, it has spent a relatively paltry $217 million to repurchase stock, though its board has authorized $500 million for that purpose.

So what does CEO Steve Jobs have in mind for all those greenbacks?

http://bigtech.blogs.fortune.cnn.com/2007/12/07/apples-15-billion-cash-hoard/"
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Apple's $15 billion cash hoard

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