With the failed attempt by Microsoft to buy Yahoo! as a backdrop, the importance of having some cash on hand is becoming more important in the technology world. With that in mind, the San Francisco Chronicle today does a piece on how Apple's $19 Billion dollar cash pile is climbing, while Microsoft is falling and currently at $26 Billion. The balance was more than $64 billion less than four years ago.
What is all the money for? According to some analysts, it might be for a rainy day - perhaps the tech industry will hit a dry spell? Maybe Apple will hit an innovation wall?
More likely however, Apple wants to give itself the ability to make a megabuy - like the Microsoft-Yahoo deal.
The trends have implications for both companies. Cash translates into the ability to consider acquisitions and other potentially business-boosting deals. Apple has ci
