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.