Thursday, April 13, 2006 |
10:26 - Put it all on black
http://www.businessweek.com/technology/content/apr2006/tc20060405_452855.htm?chan=te
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Apple's taking their winnings to Vegas!
Apple Computer is breaking records with sales of its popular iPod music player -- and has the coffers to prove it. Now the Cupertino, Calif.-based computer maker has come up with what could be a smart way to manage part of that swelling cash pile. Apple has set up a company based in Nevada with the purpose of managing its cash and short-term investments in a tax-advantageous manner, BusinessWeek Online has learned.
I like the name: "Braeburn Capital".
Via Anthony A.
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