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Cash-Rich Jobs Considers Future

  • Reuters, Friday, February 26, 2010 1:39 PM

Oh, what to do with $40 billion, what to do? That was the key issue facing Apple CEO Steve Jobs at an annual shareholders meeting on Thursday. "Think big," for one, said Jobs. That, according to Reuters, means the company has no immediate plans to spend the money on something as pedestrian as a share buyback or dividend. "When you take risks, it's like jumping in the air," Jobs said. "When they don't work out, it's nice to know the ground is always there."

Spoken like a true innovator and risk taker -- not to mention a guy who recently appeared to be on death's doorstep. One of Jobs' thoughts is to go global, with plans to open 25 stores in China over the next two years. Still, because Apple has never been big on acquisitions, analysts and shareholders are apparently rooting for a cash dividend or share buyback.

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