Sunday, March 18, 2012

iCash

"In business," said someone who knows of it,
"When a mound of liquidity grows of it,
A sizable herd
Will hang on your word
Of how you intend to dispose of it."

Apple enthralled the worlds of investment and technology on Sunday with their announcement of a conference call Monday morning to disclose what they intended to do with their $98 billion cash hoard. In the event, investors who hoped that some of this liquidity, which amounts to $104 per share, would be used to pay the company's first-ever dividend got their wish.
Posted by Dr. Goose
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