In case you haven’t heard, there are a handful of tech giants hoarding loads of cash. Their respective bankrolls are as follows:
• Apple – $76.2 billion, which, interestingly, amounts to more cash than the U.S. Government has on hand at the time of this post. Apple has not made any major acquisitions in 2011.
• Microsoft – $52.7 billion. Noteworthy here is there recent purchase of Skype. Maybe we will finally get an iPad native app? One can only hope.
• Cisco – $43.3 billion. Cisco has made three acquisitions this year (which pale in comparison to other tech companies’ investments)
• Google – $39.1 billion. Google has made over a dozen acquisitions in 2011.
With a collective cash value of over $210 billion, the question remains: what are these behemoths going to do with all of their money? Certainly there are higher returns to be had than keeping this kind of money in short-term accounts … don’t you know it goes bad after a while?
More after the JUMP… More after the JUMP…