Become a fan of Slashdot on Facebook

 



Forgot your password?
typodupeerror
Check out the new SourceForge HTML5 internet speed test! No Flash necessary and runs on all devices. ×
Idle

Submission + - Apple has more cash than God^H^H^H the U.S. (cnn.com)

Ares writes: Its official. Apple is wealthier than the United States Government. CNN suggests that the US should start selling iPads. And why not? If it works for Apple, giving it a $76.2 billion cash balance sheet, surely, it could improve the US Treasury's $73.8 billion balance sheet. From the article: "This symbolic feat — the world's most highly valued tech company surpassing the fiscal strength of the world's most powerful nation — is just the latest pinnacle for Apple, which has been on an unprecedented roll."

Followed by: "'We don't let the cash burn a hole in the pocket or make stupid acquisitions,' CEO Jobs said last fall. 'We'd like to continue to keep our powder dry because we think there are one or more strategic opportunities in the future.'"

"Offering Uncle Sam a short-term loan is probably not one of them."

Slashdot Top Deals

Once it hits the fan, the only rational choice is to sweep it up, package it, and sell it as fertilizer.

Working...