Except that it ignored my challenge completely. Par for the course.
If you had a challenge I might have addressed it. Are you referring to responsibly use the money?
This is addressed by Google's statement regarding their "hoard".
"The cash provides "operating and strategic flexibility," Google Chief Executive Eric Schmidt told analysts last month."
As well as what they did with it. Like the $4B+ bid on spectrum to keep Verizon and AT&T honest and the tens of billions to make the threat worth taking seriously. AT&T regularly spends tens of billions on wireless infrastructure. With the cash hoard, Google was a credible threat.
Plus they get to do strategic buys without breaking a sweat. Like buy admob for $750M.
What you're whining about is a complete non-issue in the tech world. MS has around $36B. Oracle $20B. IBM around $14B. Nokia $10B. Heck even Yahoo and Amazon have $4B.
Apple plays with the big dogs, all of whom have massive war chests.
Don't like cash hoarding? Sell all your tech stocks. Good luck with that strategy.
What's par for the course is you make some unsubstantiated assertion (with great authority) that I dismember with links to data that disproves your assertion.
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Excellent post, Vinea.
Except that it ignored my challenge completely. Par for the course.
Except that it ignored my challenge completely. Par for the course.
If you had a challenge I might have addressed it. Are you referring to responsibly use the money?
This is addressed by Google's statement regarding their "hoard".
"The cash provides "operating and strategic flexibility," Google Chief Executive Eric Schmidt told analysts last month."
As well as what they did with it. Like the $4B+ bid on spectrum to keep Verizon and AT&T honest and the tens of billions to make the threat worth taking seriously. AT&T regularly spends tens of billions on wireless infrastructure. With the cash hoard, Google was a credible threat.
Plus they get to do strategic buys without breaking a sweat. Like buy admob for $750M.
Or threaten to leave the Chinese search market.
Cisco has $35B cash on hand.
Look at this chart:
http://ycharts.com/companies/search?...c=cash_on_hand
What you're whining about is a complete non-issue in the tech world. MS has around $36B. Oracle $20B. IBM around $14B. Nokia $10B. Heck even Yahoo and Amazon have $4B.
Apple plays with the big dogs, all of whom have massive war chests.
Don't like cash hoarding? Sell all your tech stocks. Good luck with that strategy.
What's par for the course is you make some unsubstantiated assertion (with great authority) that I dismember with links to data that disproves your assertion.