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And it's not the one discussed all the time: namely, that the employee is responsible for the investment of 401(k) money, whereas the company manages the cash and assumes the investment risk in a traditional pension.
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Apple is believed to source about a third of its display panels from Sharp, and it is therefore in its interest if the display maker manages to raise additional cash and stay in business.
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On the upside, the pricey flotation raised so much money for the company that it should be able to sit out the current tech stock trouble as long as it manages to keep its cash flow going.
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But he is the university equivalent because the football program is like a wholly owned subsidiary, and Fisher manages an operating division that generates millions in cash receipts from ticket sales, royalties from sales of licensed merchandise worldwide, and goodwill affecting future enrollment and alumni donations.
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At this point, if Apple manages its conference call well and communicates to investors about its strategy or its cash, then the stock would begin to creep back up.
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