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Apple Now Debt Free, Says Internal Memo

Posted by timothy on from the sprightly-even dept.

An anonymous reader writes "99mac.se publishes an internal memo from Steve Jobs to Apple employees today. According to the Memo, Jobs states that "Today is a historic day of sorts for our company." Apple used $300 million in cash to pay off the rest of their debt, and is now a debt-free company. A big turnaround from over $1 billion in debt in mid-1997. Also noted in the memo is that Apple has $4.8 billion in the bank at this time." (Since this is not coming straight from Apple, confirmation -- or debunking -- would be helpful.)

7 of 627 comments (clear)

  1. Because.. by LilGuy · · Score: 5, Funny

    They didn't make a game console that doesn't make money.

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    You're nothing; like me.
  2. debunk by fjordboy · · Score: 5, Funny

    I can debunk it right now - Steve Jobs owes me thousands of dollars for the mental anguish I've experienced when trying to use the imac's original "hockey puck" mouse.

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    The anti-salmon
  3. Lesson Learned... by fetus · · Score: 5, Funny

    Sometimes overcharging does pay off...

  4. Re:want confirmation? by mal3 · · Score: 5, Funny

    I doubt it's true. That bastard Jobs still owes me $5 from high school.

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    Non gratis rodentus anus
  5. Re:First to say - Well Done by Misch · · Score: 5, Funny

    They key is to manage the debt carefully, and make sure that the interest payments do not get so large that they start eating away at your profits.

    Would you like to run for Congress? ;-)

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    --You will rephrase your request for me to go to hell. Goto statements are not acceptable programming constructs
  6. The Wonders Of Spam by Ilan+Volow · · Score: 5, Funny

    Steve Jobs must have replied to one of those anonymous e-mails titled "GET OUT OF DEBT NOW".

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    Ergonomica Auctorita Illico!
  7. It was me by billstr78 · · Score: 5, Funny

    I bought an iBook on Friday for around $1300 without tax. That must have been the sale that pushed them over the edge.