Techquity: Cash king is Apple, cash is king for HP
Monday, March 18, 2013 - 02:38
Mar 18 - Moody's report estimates growth of Apple's leading cash pile, while Hewlett-Packard receives upgrade based on improving cash flow.
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Seventeenth billion dollars that is Moody's estimates for how much cash apple have by the end of this year. In its report on the cash pile of US based non financial companies that is up from the 137. Billion that apple over the end of 2012. The money has lately wave of criticism from David Einhorn and other investors when apple and some of the back. In the form of cash dividends to shareholders. Apple is not the only tech company with a ton of money on the sidelines. Microsoft Google Cisco all the top five almost -- goal only has about a third as much cash as apple. Other notables on the list include oracle Amazon and FaceBook the company's overall held nearly one point five trillion. In cash -- nearly 60% and overseas. Apple Stock is one of the winners and down day up close to 2%. Amazon can be adding a little less cash to its coffers if it keeps hiking up he's on third party sellers whose business makes up nearly 40% of its sales. A -- analysis finds that some of those merchants are threatening now switch to rivals like eBay. They gambling fees are so high in some cases it's cheaper at Amazon dish where there unsold merchandise instead of having those items shipped back to. And as losses for its part the fee hikes have been driven by rising costs and also in investments and things like faster shipping. Still and is on stock is down 1% today. In our best of the rest Hewlett-Packard. Morgan Stanley is upgrading computer company to overweight today analyst Katy -- very -- HP generating significantly more cash this year than expected. She also thinks employee morale is improving which should boost profits. And she expects HP to announced -- more aggressive stock buyback and dividend policy as early as the end of 2013. The Dow component is eight top percentage Gainer in 2013. Mile mile up 60% this year today up just over 2%. Soaring -- time our look at the movers -- is ValueClick Jefferies raised its rating on online marketing services provider. From hold to buy and hiked up its price target from 23 bucks to 35. The stock is up 10%. Sputtering -- Advent Software the accounting software maker said that it decided to continue as an independent company following a huge degree of no sales -- shares are off about 5%. That's a particularly this Monday remember you can follow us on Twitter at RT RS equity. I'm John -- this Reuters.
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