Apple keeping $25 billion cash reserves for big, bold moves
For growth not dividends or share buy backs
Following on from its record financial figures in Q1 2010, CEO Steve Jobs said the company would be keeping its almost $25 billion in cash and liquid investments so it could take "big, bold" risks.
The statement came during an shareholders meeting, with some present pressing Apple either buy back shares or start paying dividends; which would either directly return money to shareholders or drive Apple's share price higher. Apple hasn't paid a dividend since 1995.
Instead, it's been making a steady stream of acquisitions such as mobile ad network Quattro Wireless and online music service Lala.
Chief operating officer Tim Cook was quoted by Business Week as saying Apple would consider buying a large company if the technology and people warranted it.
[source: Business Week]
