Absolutely correct. A company or a person can be can be 'asset rich' and
'cash poor'. However, Apple's consolidated FC does state that they have
4.2 billion dollars cash or equivalents on hand. By the same token, this
does not mean that they should spend that cash reserve on making sure
iTools stays free. No more than Ford should spend it's available cash
on giving customers free tires 'for life' just because your car came
with them. This is nonsense.
Cash on hand for a corporation is used to help finance R&D, help a
company weather a long term financial downturn, allowing an actual
financial cushion against unforeseen earnings charge offs, stock buy
backs, dividend increases, capital expenditures ( like Apple Stores)
etc, etc.
Apple is not now nor was it ever obligated to keep iTools 'free for
life' . No one is forced to pay for a service they don't want to use.
Only government does that.
No pay no play. No transaction no tax. Simple and Easy.
Will
On Friday, July 19, 2002, at 01:28 PM, Keith E. McComb wrote:
>
> At 01:10 PM 7/19/2002, you wrote:
>
>> But if Apple keeps doing things like this, there won't -be- a next
>> iBook. Apple has a war chest in the billions; it's not going to dent
>> seriously to live up to what many people expected.
>
> I've kept out of this one up 'til now, but this comment got me.
>
> I assume you can prove this comment that they have billions of dollars
> simply waiting around to be used - as you phrase it "a war chest"?
>
> Have you ever run a business before? (I don't ask this snidely - it's
> an
> honest question.) I'm in the process of setting up a publishing
> business,
> and I am astounded at the stuff I never realized you needed to worry
> about
> - and every single worry costs a dollar amount. (Being America-centric
> here, since I live in NJ, and will be setting the business up there.)
> I'm
> not even contemplating the extra money required in a tech business,
> since
> I'm not setting up my company to design/sell computers.
>
> I think what you may have meant here is that the company is worth
> billions
> on paper. However, that money is all virtual. As active, ready cash,
> I'll
> bet that number is lower by orders of magnitude. Remember, there's R&D,
> there's a simple thing called paychecks, there's electricity, taxes,
> and in
> case they happen to not own the actual land their buildings sit on,
> rent...need I go on? Name me a single company that has available cash
> in
> the billions - I'm betting there isn't one. Remember, you can say that
> they have assets in the billions, but that doesn't equate to being able
> to
> dip your hand into the till and pull that money out.
>
> Keith McComb
>
> =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
>
> Would somebody PLEASE reboot the clue server?
>
> =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
>
>
> --
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>
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