So, in Apple’s quarterly earnings call, Steve Jobs made repeated references to the “opportunities” out there for a company with $25 billion in cash.
So, what could they buy? This little economic hullabaloo has beaten up a number of companies, so lets look at some market caps:
AMD – $2 billion
NVIDIA – $3.8 billion
Avid – $600 million
Sandisk – $2.1 billion
Sony – $22 billion
Creative – $155 million
Thomson (as in Grass Valley) – $400 million
Bogen – $17 million
Sanyo – $2.8 billion
Autodesk – $5 billion
Now, not all of those are great buys. AMD would be a bit like buying a lead ballon (and not a Mythbusters lead balloon). And some of these would be impossible given anticompetitive issues.
If I had that kind of pocket money though, NVIDIA, Avid, Sandisk, Sanyo and Autodesk would make a pretty nice bundle of acquisitions. $15 billion total, leaving $10 billion in cash still floating around. Nifty!