“Apple should use its enormous cash reserves to make some big-name acquisitions, the company’s former boss John Sculley has said,” The Daily Star reports. “He said it could shift the ‘whole landscape of e-commerce’ if it bought, for example, eBay.”
“He said it should ignore the wishes of activist investor Carl Icahn, who wants the company to buy back stock,” The Daily Star reports. “‘I’d rather see Apple continue to invest in building… even make big acquisitions that were strategic, as opposed to buying more stock back, or giving more dividends.'”
The Daily Star reports, “He said he now wonders if it is time for Apple to change its growth strategy ‘Apple’s never been an acquirer of big companies before, and when you look at the [Apple digital ticket system] Passbook, and fingerprint recognition – what would it mean if Apple went out and bought eBay? And they had PayPal, and integrated that? My guess is you’d suddenly see the whole landscape of e-commerce shift. You have Amazon, which is on the fast-track to dominate every aspect of e-commerce – suddenly the game, the landscape, would change.'”
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