It also reinforces the position that I took in my previouspost, which argues that Apple should be focusing its resources on capturing tremendous growth opportunities, rather than paying substantial dividends from its cash holdings.
In my previouspost I pointed out the broad scope of new recruitment and given the US is dependent on private sector consumption it is gratifying to see that the retailers have their hiring hats on.
Maintaining a 2% reserve in the MMI Fund is a prudent, make-sense business practice and although previous fund management practices may not have been able to deliver this reserve in the past, it is a welcome post-mortgage meltdown priority.