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Re: Apple stock climbs on word of planned US investments & repatriated cash 

By: zzstar in FFFT3 | Recommend this post (1)
Thu, 18 Jan 18 3:34 AM | 61 view(s)
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“The company expects to pay some $38 billion in taxes on the newly domesticated money, which it says will be the largest payment of its kind ever made.

Some of the 20,000 new jobs will go to a new campus, intially dedicated to AppleCare. The exact size and location of the facility hasn't been revealed, but an announcement is due later in 2018.

The company added that $10 billion of its upcoming capital expenditures will be in data centers, and that today, it's breaking ground on a building in downtown Reno, Nev. that will support existing facilities in the area.

The Advanced Manufacturing Fund, recently used to pump $390 million into VCSEL supplier Finisar, is growing by $1 billion to a total of $5 billion.

Apple is also planning to expand its educational initiatives for teachers, and the ConnectED program, with the aim of boosting coding skills —and Apple's footprint —with "students in historically underserved communities."

As everyone can see, Apple isn’t doing much else otner than growing with its business needs. And it won’t do its own msnufacturing, ever. It will only invest and support others, here and abroad, as it is already doing.


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The above is a reply to the following message:
Apple stock climbs on word of planned US investments & repatriated cash
By: zzstar
in FFFT3
Thu, 18 Jan 18 3:19 AM
Msg. 40301 of 65535

http://appleinsider.com/articles/18/01/17/apple-stock-climbs-on-word-of-planned-us-investments-repatriated-cash

Good stuff. The reduced corporate rates are too low, though. And they didn’t kill the bogus reductions they take.

Otoh, as an Apple investor and former employee, one that knows the ins and outs of Apple’s business, the company never makes huge acquisitions, nor huge expenditures, and it still won’t do what the Wall St. sharks think and it will do with this money. Apple is the most prudent company in the world with its money. I will welcome a bigger dividend, though.


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