How Should Apple Spend its Money?

BusinessWeek writes that while Apple shareholders are a pretty happy bunch lately, if there is one complaint, it’s the company’s refusal to touch its $20.8 billion hoard in cash and short-term investments. “The cash just sits there, earning little more than the average savings account.” (For comparison, Microsoft has $23.7 billion in cash.)

Plus, Apple’s hoard is only going to get bigger. Some analysts predict the company’s hoard could surge to nearly $30 billion over the next year because of strong sales of its products, the report said.