Silicon Valley and the next $100 billion stimulus

By Dominic Basulto – A handful of companies in the technology sector are sitting on a combined cash hoard of over $100 billion. The biggest cash reserve belongs to Apple, which is currently sitting on more than $76 billion in cash. Meanwhile, Google has $37 billion, Dell $11 billion, Qualcomm $5.6 billion and Accenture has $5.3 billion — all in cash on hand. To put this into perspective, the deficit-ridden Federal Government has less than $74 billion in cash at its disposal. At a time when every single measure to resuscitate the economy seems to have been exhausted, is it possible that Silicon Valley could be tapped to provide one last stimulus? more>


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