• Bloomberg/Businessweek, Tuesday, November 2, 2010 1 PM

Apple's got a ton of money sitting on the sidelines, and, as Bloomberg/Businessweek reports, investors aren't happy about it. In total, Apple has about $51 billion in cash and investments, and the tech giant received a 0.75% return on the investments in the past fiscal year, according to a regulatory filing last week. "The gain pales next to the roughly 10 percent investors would have earned from the Standard & Poor's 500 Index and the Dow Jones Industrial Average over that time," reports Bloomberg/Businessweek.

Not surprisingly, then, "Some investors say Steve Jobs should put that money to better use." Still, they don't want Apple to go on a buying spree just for the heck it. "It would be a real shame for them to do an acquisition to get into another line of business or dilute something they already have going on," said Keith Goddard, CEO of Capital Advisors Inc., which has $822 million under management, including Apple shares. Last month, CEO Steve Jobs said Apple was holding money for one or more "strategic opportunities," rather than a dividend or stock buyback.

Read the whole story at Bloomberg/Businessweek »