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Apple's Jobs says cash hoard allows for bold moves
Posted: 26-Feb-2010 [Source: Reuters]

[Jobs says Apple needs to be thinking "bold, pretty large" and doesn't support using its $40 billion cash reserves for buy backs and dividends.]

By Gabriel Madway and Alexei Oreskovic, Cupertino (Reuters) -- "Steve Jobs defended Apple Inc's decision to maintain a $40 billion cash pile and said it was better to save the money for bold risks, like acquisitions, than to spend it on stock buybacks or cash dividends."

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