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Apple Inc. (AAPL): What To Do With Its $137 Billion Stockpile of Cash?

February 15th, 2013

cashMoney Morning Staff: 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?

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Check out what Fitz-Gerald and other panelists said on the FOX Business report in this accompanying video.

Related ETF: Technology Select Sector SPDR (NYSEARCA:XLK)

Top 10 Holdings (64.21% of Total Assets)
Company Symbol % Assets
Apple Inc. AAPL 17.54
International Business Machines IBM 7.12
Microsoft Corporation MSFT 7.08
AT&T Inc. T 6.70
Google Inc. GOOG 6.60
Oracle Corporation ORCL 4.40
Verizon Communications Inc. Com VZ 4.34
QUALCOMM Incorporated QCOM 3.72
Cisco Systems, Inc. CSCO 3.65
Intel Corporation INTC 3.06


NYSE:XLK


 

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