Stephen Rosenman

With a King's Ransom in Cash, Why Still No Buying Spree in the Tech Space?

Steve Jobs in October 2008 said: "...we have almost $25 billion safely in the bank and zero debt. This provides us tremendous stability and the ability to invest our way through this downturn. This is what we did during the last downturn. We [increased] R&D investments and created some of our best new products and businesses, like the Apple retail stores for one."
Apple is usually not a buyer of companies. Rather, it makes its own way through innovation. And it does it on a relatively low budget compared to other tech companies.
In any case, a fool and his money are quickly parted. I don't think that Apple is a fool. What better time to sit on your cash.