In our podcast last week we talked a little bit about cash and how companies like Google, Microsoft, and Apple are using it. Some people are a little frustrated over the amount of cash each of these companies has on hand, but continues to hold on to.
Google has just released their Q2 earnings for fiscal year 2011 and showed some great success:
Cash – As of June 30, 2011, cash, cash equivalents, and marketable securities were $39.1 billion.
Google has quite a bit of cash on hand, but as mentioned before, this isn’t always a bad thing. That is plenty of money for innovation and development. What do you think should happen with this cash on hand?