apple cash
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Is Apple's "Next Big Thing" Vaporware?
In Silicon Valley, there's a term for products that a company makes bold statements about and always seem on the cusp of launching but never quite materialize - vaporware.
And believe me, over the decades there have been more vaporware companies than real ones.
What's more, it's not uncommon for once-respected names to become vaporware makers over time.
One of the big questions now is, with the death of visionary Steve Jobs, the growing Android base, and the next generation in smartphones, is the "Next Big Thing" for Apple Inc. (Nasdaq: AAPL) nothing more than vaporware?
For investors slammed by the stock's 39% decline from its 2012 high, the question is hardly rhetorical.
Today, I'm going to explore what's in store for the whales of the tech space and tell you where I stand on whether their visions will be actualized or vaporized.
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What Should Apple Do with its $137 Billion Stockpile of Cash?
Apple Inc.'s (Nasdaq: AAPL) been in the news a lot of late as its stock plunged. Meanwhile, the company sits on a cash pile of $137 billion.
When Apple stock was soaring, investors were happy. But since its stock value plunged some 35% since September, many investors have suggested Apple should share some of itsaccumulated wealth. Fund manager and investor David Einhorn went so far as to sue the company to try to force it to share more of its cash with shareholders.
Money Morning Chief Investment Strategist Keith Fitz-Gerald was asked on FOX Business what Apple (Nasdaq: AAPL) should do with its stockpile of money: Should the company pay dividends to shareholders, pursue major acquisitions or just keep its large cash position for future investments or other costs?
Check out what Fitz-Gerald and other panelists said on the FOX Business report in this accompanying video.
