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January 25, 2012 05:44 am GMT

Apple Now Has $97.6 Billion In Cash. Let The Share Buybacks Begin!

Apple ended last quarter and the year with almost $100 billion in cash ($97.6 billion, to be exactmuch of that is held overseas for tax purposes). What should Apple do with all of that money? They could buy Facebook, which is supposed to IPO at around a $100 billion valuation. But "it is not in Apple's nature to do big acquisitions," points out BGC analyst Colin Gillis at the tail-end of this video interview. "In fact, a big acquisition would probably be disastrous for Apple." He thinks Apple should give some of that money back to shareholders instead through share buybacks or dividends. Watch the rest of the video, as e discuss Apple's biggest quarter ever.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/oUFYmSEy1qQ/

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