“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
