“Apple Inc. came under attack Thursday from an influential investor for its practice of stockpiling cash,” The Associated Press reports. “Its hoard totaled $137 billion at the end of last year, and it keeps growing.”

“The money belongs to shareholders, so Apple is limited in what it can legally do with it,” AP reports. “Leaving legality aside, here are some things Apple could do with $137 billion.”

• Give every American a check for $437
• Buy 100,000 luxury Manhattan apartments, enough to house the population of Omaha
• Acquire Facebook, Groupon, LinkedIn, Netflix, Pandora, BlackBerry, Yahoo, Yelp, Zillow and Zynga — and have more than $2 billion left to spare.

Full article, with six more things Apple could do with its cash hoard, here.

MacDailyNews Take: Apple has enough cash on hand to buy HP ($32.51B), Dell ($23.44B), Toshiba ($18.60B), Sony ($14.99B), Lenovo ($11.70B), Asustech ($8.13B), and Acer ($2.19B) – in other words, basically the entire Windows PC industry – and still have enough left over ($25.44B) to pick up Nokia ($15.23B) and BlackBerry ($7.22B), leaving and extra $3 billion in the bank.

[Thanks to MacDailyNews Readers “Fred Mertz” and “Carl H.” for the heads up.]

Related articles:
Einhorn’s Apple lawsuit marks biggest investor challenge in years – February 8, 2013
Gamco’s Haverty: Apple’s cash is ‘shareholders’ cash’ (with video) – February 8, 2013
Apple shares surge following company response to Einhorn – February 7, 2013
Greenlight’s Einhorn sues Apple over plan to eliminate preferred stock, wants more cash distributed – February 7, 2013
Greenlight Capital urges Apple shareholders to vote ‘No’ on proposal 2 that would impede Apple’s ability to unlock shareholder value – February 7, 2013
Greenlight’s Einhorn sues Apple, ‘dissatisfied with capital allocation strategy’ – February 7, 2013
Gamco’s Haverty: Apple board can be sued over excessive accumulation of cash (with video) – January 28, 2013
Greenlight’s Einhorn: Apple ‘the best big growth company’; Fed stimulus ‘counterproductive’ – July 10, 2012
David Einhorn says Apple isn’t a below-average company, it’s just priced like one – May 30, 2012