There's significant risk (the potential permanent departure of an iconoclastic chief executive) that is being incorporated into their stock price. Also, analys

There's significant risk (the potential permanent departure of an iconoclastic chief executive) that is being incorporated into their stock price. Also, analysis of the cash per share at a large technology company should generally be viewed differently than it might be at a manufacturing company or somewhere else. Tech companies are subject to violent earnings fluctuations based on changes in consumer demand. Cash stockpiles are a hedge against that eventuality in addition to an asset.