Here we go again. With $76 billion in the bank, stupid people on Wall Street and greed hedge funds are asking for stock buybacks and dividends. People, do me a favor if you're near someone who is asking or writing saying that Apple should use the cash to buy back shares or give money back to shareholders (I've got a couple of Apple shares myself), rudely change the subject and take their laptop and slam it against the wall.
Had Apple done what these idiots said they should, Apple may not have had the resources to outbid Google for the Nortel patents. Or Apple would have put itself in a position where it could not have cash for other uses.
Had Apple done what these idiots said they should, Apple may not have had the resources to prepaid for the LCD screens, memory for the iOS devices, or research into the unibody Macbook designs.
Had Apple done what these idiots said they should, Apple would not have a $76 billion figure that scare the scrap out of competitors – if you think Samsung is copying Apple now, just imagine what would have happened if Apple did not have the cash to influence Samsung with long-term deals to source components from them.
So, if anyone wants to talk about Apple's cash, talk about how they can use it to increase the value of Apple for stockholders. Investment for the future.
This Forbes post has 4 ideas. While I'm lukewarm towards most of them, this is better than stupid chatter coming from old-school Wall Street talk. I like the video game idea. I also like the concept of entering new markets. Forbes mentioned HDTV.
So, more talk about laying the ground work for the future and less about what Wall Street wants.