No one’s said much about it, but there it was, plain as day, in Apple’s
earnings call this week: Chief Financial Officer Peter Oppenheimer said the ‘A’ word.
When an analyst asked what Apple would do with more than $18 billion in cash it’s sitting on, Oppenheimer downplayed the possibility of a major stock buyback, and hinted that Apple could go shopping instead. “Our preference,” he said, “continues to be to maintain a strong balance sheet in order to preserve our flexibility to make strategic investments and/or acquisitions.”
Which is a fine segue to
should buy Mint, and Google
should buy TiVo
Though Apple normally doesn’t buy many companies, I suggest 2008 might be a good time for Jobs & Co. to throw some money around. (Same goes for Microsoft and Google, which do a lot more spending than Apple.)EDIT POST