“In the following video, Jeremy Phillips says Apple’s cash hoard is over-discussed, even by Fool.com writers. Austin Smith agrees, saying that “everybody has come out of the woodwork” now that Apple has fallen from grace and its shares have shed 30% of their value,” The Motley Fool reports.
“Under Steve Jobs, Apple’s success was built by not listening to the masses, and Austin doesn’t think Apple should have to spend money just for the sake of doing so. He cites Microsoft as an example of a company that gave in and started spending its cash,” TMF reports. “He then contrasts Apple with Google, which also has a massive cash hoard but isn’t facing pressure to spend it. The difference? Google shares are still hitting all-time highs.”
MacDailyNews Take: It would be the fitting end to MSFT, though, wouldn’t it?