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Apple Now Debt Free, Says Internal Memo
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.)
LOOSE is the opposite of TIGHT
It's really not that hard, people...
Tell it to my spell checker.
"It's the height of ridiculousness to say for those 9 lines you get hundreds of millions."
I doubt it's true. That bastard Jobs still owes me $5 from high school. :-) (Even if you did discover that you could raise the price to $1 million on a hot day and still sell one...)
Dude, Lemonade Stand was just a game. A game
A dingo ate my sig...
" I doubt it's true. That bastard Jobs still owes me $5 from high school."
You should send him a registered letter informing him of the debt, which has been accruing interest at prime, up until today. From this day forward, you should inform him, the aforementioned debt shall accrue interest at prime^(prime^prime) per quarter, assessed hourly. That should get him on the ball for repaying the debt, or at least get him working on lowering the prime interest rate for the rest of us. Figure by the time the letter reachs him, it'll probably have already accrued more interest than the national debt of the entire US Federal government.
-- "Government is the great fiction through which everybody endeavors to live at the expense of everybody else."
" Unless prime > 1 (which it never is), your prime^(prime^prime) calculation tends towards zero."
:)"
Wow, someone really ought to tell the Fed about this. Apparently, they seem to think that the prime rate is currently at 4.00%.
Slightly more research seems to indicate that the Fed has been wrong about the Prime rate since their creation. Historical lows as reported by the Board of Governors of the Federal Reserve System (which are obviously either wrong or lying as per your comment) appear to dip no lower than 1.5%, but do seem to go as high as 21%. Thank goodness we have you here to spot-check jokes for correct information and then provide appropriate misinformation.
"Don't quit your dayjob. Unless you're in finance - then quit right away!
Yes, funny man, you've given 'irony' an entirely new meaning.
-- "Government is the great fiction through which everybody endeavors to live at the expense of everybody else."