Apple has increased its US corporate cash share to 10% which was previously found to be 9.5% at the end of last year. WSJ reports according to a new analysis by Moody's that more than 1,000 U.S. nonfinancial companies together hold $1.48 trillion cash.
Apple now holds $147 billion in cash as of June 30th, 2013. This accounts to be 10% of all US corporate cash. Hence, Apple is so far the biggest US corporate cash holder. As other bigtech names like Microsoft, Google, Cisco and Pfizer together hold 15 percent of all U.S. corporate cash. It means that these 5 tech giants together hold 25 percent of the US cash.
Top 50 companies hold 62% of all US cash. WSJ reports, "Despite dividends and buybacks Apple, has about 9.5% more cash than it did at the end of last year. Billionaire investor Carl Icahn pressed the company’s chief executive Tim Cook for another $150 billion buyback at a dinner last night. Apple has nearly double the cash hoard of its next closest rival, since Microsoft has the second-largest cash stockpile at $77 billion."
Gwyneth Paltrow facing Lawsuit
The famous actress and creator of a website named Goop, Gwyneth Paltrow, is facing a lawsuit by a man who claims she plagiarized his creative phrase. And she is also concerned about her ex-husband’s new relationships.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.