FishyJoe on 11 April 2007
The cash gives you options that are unavailable to cash strapped companies, such as buying other companies or developing new products. In addition it will take you through tough times such as a recession.
Apple survived the reign of John Sculley/Gil Amelio because it had so much cash. Would Steve Jobs have returned to a company deep in debt? Microsoft was able to delay Vista for years. Would investors have been as patient if they had been in deep debt?
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