Mac OS Ken: 05.02.2013

Mac OS Ken

Ken Ray

Technology

4.7 • 996 Ratings

🗓️ 2 May 2013

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Wired: Why Apple is Borrowing Billions When It Already Has Billions More Bloomberg: iOS 7 May Or May Not Be Late Speculative Fiction Writer Peter Misek Says Large Screen iPhone Due in June of 2014 Apple Loses State of Maine Education Contract to HP Apple Scores Low in EFF Report on Government and User Data Protection Amazon Kindle Update for iOS Brings Improvements for Blind and Visually Impaired Users Path: Sort of Spamming for Friends American Airlines: iPad as Flight Bag Saves the Backs of Pilots Tim Cook to Open 11th Annual D: All Things Digital Conference

Transcript

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0:00.0	This is Mac OSKIN.
0:10.0	A look at Apple borrowing billions. IOS 7 may or may not be late and the
0:18.2	Pine Tree State kicks the Mac to the curb. It's Thursday, May 2, 2013. I'm Ken Ray and this is news from Maco
0:27.0	S. Can. Brought to you by yours truly and supported by listeners like you, subscribers to Mac OS can Day six.
0:35.7	More information is available at MacOS can.
0:38.8	com.
0:40.0	This show is also supported by the Mac OS can Podcast app for the iPhone, iPad, and iPod
0:46.1	touch, available in the App Store now for $2.99. A lot of articles this week about how Apple issued around 17 billion dollars in bonds,
0:58.0	the largest such offering in corporate history according to seeing that.
1:02.0	There's a whole lot about it that I don't
1:04.0	understand. Like why? I mean Apple has somewhere in the neighborhood of 144
1:09.8	billion dollars in its cash hoard. It decided earlier this year to return money to
1:14.7	shareholders but rather than return the money it has it's actually borrowing other
1:18.9	money and giving that to shareholders. So it's going to buy back stock, pay out dividends, and
1:24.9	eventually pay back the $17 billion it borrowed plus interest. Sounds crazy, right?
1:31.2	Hi, my name's Tim. I have billions of dollars. I'd like to give other people billions of dollars,
1:36.7	so tell you what, you give me billions of dollars, I'm going to give it to other people,
1:41.6	I'll pay you back eventually, and I'm going to keep my original billions of dollars.
1:47.0	On what planet does that make sense?
1:50.0	Welcome to Bank Tupia.
1:52.0	The biggest reason Apple can't or won't return the money it already has to
1:57.0	shareholders has to do with taxes. Wired recounts Apple CFO Peter Oppenheimer's explanation
	...

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