Zach Bass

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

Two things Kara:

1) Apple actually has $28.2 billion in the bank. This money is another source of revenue in this tough economy. So if Apple has T-bills, this hoard might be contributing another $2 billion to the bottom line.

2) If we get another bis swoosh down in the market, there's gonna be a house cleaning, taking a lot of supply off the market. Perfect time to scoop up IP, talent and properties. With zero debt and a huge wad, Apple has nothing but time on their side.