Steve Jobs plans "big, bold" risks with $25 billion Apple war chest
Steve Jobs has reportedly told company shareholders that Apple's $25 billion cash war chest will allow the corporation to take "big, bold" risks in the future.
According to Bloomberg, Jobs also told the shareholder meeting that he preferred having cash for investments, rather than paying dividends or executing stock buybacks.
In addition, Jobs said the company was now "big enough" that it had to "think big" to move the needle.
It should be noted that Apple COO Tim Cook recently confirmed Club Cupertino would continue its current strategy of purchasing companies for their technology, rather than revenue.
However, Cook acknowledged that Apple was open to considering a "larger takeover" if it could be justified by the company's technology and personnel.