First, call me a negative Nancy but the rumors that Apple could buy Sony – Lord knows Sony needs some better management – are false. This sort of thing seems more like a solo Steve Jobs move than a move by Apple proper. Now that that’s out of the way, let’s take a look at where all this speculation comes from.
In his earnings call, Jobs said, when asked what they would do with the $51 billion in cash it has lying around:
“We would like to continue to
keep our powder dry, because we do feel that there are one or more strategic opportunities in the future.”