In the following video, Brenton discusses an interesting discussion topic introduced by famed entrepreneur and investor Peter Thiel during a recent tech conference. While discussing the state of technology with Google chairman Eric Schmidt, Thiel claimed that Google should admit it "is no longer a technology company." Why? He believes Google has run out of ideas for growth, sits on a mountain of cash, and can't pay a dividend because that would be admitting it was no longer a tech company. While there are certainly a lot of moving parts at work here, the topic brings to the surface one of the reasons tech companies have such high cash balances: repatriation tax. In the following video, Brenton discusses the news in more detail, as well as a few more tech companies holding huge cash balances offshore.
Though Eric Schmidt might argue the point, Apple is the most influential company in technology today. The comapny has delivered market-smashing returns for those lucky enough to invest in the company. However, with the impending release of the iPhone 5 and Apple TV on the horizon, the stakes have never been higher. If you're looking for a recommendation on how to play Apple along with continuing updates and guidance on the company whenever news breaks, we've created a brand-new report that details when to buy and sell Apple. To get started, just click here now.
Brenton Flynn has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple, Google, and Microsoft. Motley Fool newsletter services recommend Apple, Google, and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.