El Jobso favors hoarding cash

Today was the shareholder meeting, and one impertinent shareholder was allowed to speak to Dear Leader. He wanted to know if some of the surplus cash Apple is sitting on could be doled out to (imagine this) shareholders in the form of a dividend? Jobso says he prefers “holding on to the company‚Äôs cash hoard for potential acquisitions and ‘bold’ investments.”

Here’s some more breathless commentary from CNBC. “Jobs…was on stage at Apple headquarters Thursday in his standard uniform of a black turtleneck, blue jeans and wire-rimmed glasses. (Really? -Ed.) He nodded appreciatively in response to shareholders who said they were glad he was back.”