Investing during a downturn

It’s amazing that Apple has more cash that Microsoft right now.

Say what you will about the two companies prospects but the cash speaks to the different strategies between Cupertino and Redmond.

Microsoft is using cash to acquire companies and provide dividends to shareholders.

Apple is accumlating cash while making big bets on new R&D projects – just like they did with iPod in the last downturn.

And they have a growing cushion that must feel mighty nice right now.