Monday

WiFi

Apple’s Cash Reserves Offer No Hint of Future Plans

• Tweet
• Sharebar

• Tweet

Apple has nearly $29 billion of cash on hand, a pile of money exceeded only by Cisco Systems amongst IT companies. But, that large reserve of cash offers no hint of future plans from the company that has brought consumers the Mac, the iPhone and the iPod.
– SAN FRANCISCO (Reuters) Apple Inc has nearly $29 billion of cash
on hand, a pile of money exceeded at only one other tech company, but
if the past is any guide stockholders aren’t likely to share in the
wealth any time soon.
The iPod, Mac and iPhone maker does not routinely pay a dividend,
repu…