Apple CEO faces first test with massive cash mountain

Thursday, January 26th, 2012
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SAN FRANCISCO (Reuters) – Apple CEO Tim Cook has a problem, a $98 billion problem. Just 18 months ago, Apple’s $46 billion mountain of cash – while huge by most standards – attracted only muted complaints from investors, who did call for a dividend or share buyback, but were mostly happy with the meteoric rise in the stock price.

View full post on Reuters: Technology News

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