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Why Bob Mansfield Was Cut From Apple's Executive Team
colinneagle writes "AllThingsD reported that Bob Mansfield, Apple's Senior Vice President of Technologies, has disappeared from the executive management team at Apple. But it was only last October when Mansfield was widely reported to have been convinced to return from retirement by Apple CEO Tim Cook for a two-year stint. His return to the company may have been cut short on account of Apple's continued reliance on Samsung for its mobile SOC processors, for which Apple paid an estimated $10 billion to Samsung last year. Mansfield's group was to have played a major role in this, and apparently it has not been able effect this change."
Mansfield tried to retire in 2012. It's just possible he wanted out again and Tim Cook asked him to stick around and lend his expertise without the management responsibilities. It's the perfect semi-retirement: get rid of the tedious part of the job, work on the fun stuff, and continue to get compensated. I'd jump at an offer like that. Get removed from the management bio page? pfft.
... perhaps the lawsuit wasn't such a great idea? I believe it's likely the case that Apple needs Samsung. Also, the billion dollar lawsuit is like a tube of toothpaste in this scenario. Meaning that you squish one end only expands the other end (i.e. squishing does not change the volume if the cap is on).
Apple cash : 10,746,000
Intel's market cap: 115,690,000,000
I didn't post this to prove you wrong - I was sincerely interested. You wouldn't believe the crazy things I've heard on the internet that turned out to make me money!
But, I posted my results just to boost my own ego is all.
Carry on....I have a pathetic little life....
Talking about who's who at large corporations, and the monetary details of their jobs. I get that it matters, it just bores the hell out of me.
Some news sites that Mansfield is working on special projects. That could mean iTV, iWatch, iRealityDistortionField, whatever.
Well, there's spam egg sausage and spam, that's not got much spam in it.
I see nothing in TFAs which support the question in the title or the speculation in the summary. True: BM was re-hired in Oct for continuing hardware work. Informed input: Apple is struggling to move SoC production, but looks like they're stuck with Sammy for the short term. Utter leap of speculation: because of this, BM was fired. wtf? leave the speculation to the ACs, please.
In the summary, 'affect this change' [grrrrrr] should be 'effect this change'. It could have read 'affect the situation'.
Oh the humanity: I'm having flashbacks of my grade 8 grammar teacher thrashing us mercilessly for just such an offense. Twas eons ago and most of my grammar synapses have degenerated to dust but the affect/effect thingy persists.
I whimper.
8-P
and apparently it has not been able affect this change.
Effect dammit. There was no change to possibly be affected because there was no change done!
*grumble* grammarless *grumble* get off my lawn
Apple has $146 BILLION in cash as of last quarter. those numbers are old
$100 billion of it is outside the USA
How the hell this qualifies as any kind of news is beyond me. This appears to be someone's tech blog where he's basically just talking out of his ass and pulling suppositions out of thin air, about something that just happened like 24 hours ago. Suppositions which by the way are not confirmed by the only further piece of information we have, which is the statement from Apple that Mansfield will be working on special projects. He was already announced to be retiring last year and was convinced to stay on a temporary basis. Why on earth would Apple hold one executive responsible for the failure of a third-party company to effectively compete with Samsung in making chips? It's just--I can't--what?
This article is full of all kinds of fail. How about we wait a couple of days until someone actually has some factual news to report? Why the fuck is everybody and his brother jumping all over this guy all of the sudden? I expect this sort of thing from Mac _RUMORS_, but here? What the hell, Slashdot?
That makes it a more reasonable but still short 10,746,000,000 to 115,690,000,000
The ten billion is _cash_. Like stashes of bank notes and money in a current account. There is for example another 92 billion in long term investments, 20 billion in receivables, and a few smaller items.
Apple has 145 billion dollars in cash and other liquid assets it could use for a buyout as of April supposedly. Tech crunch
They had 120 billion dollars in long term investments as of October The guardian on 120 billion dollar investment strategy
The different in counting depends on what you're counting exactly as 'cash'. Your yahoo link gives apple as 176 billion dollars in assets, 15 billion of which are property 800 million as inventory, 1 billion in goodwill, and 4 billion in intangibles. There are about 40 billion dollars in outstanding cash liabilities.
The difference is in what exactly you want to count as 'cash'. Companies usually take their money and buy stuff with it, if they don't want to buy other companies or to give the money to shareholders they can buy other companies bonds (sometimes even for overnight), they can buy government debts etc. etc. etc. As per the guardian link, Apple has a lot of money waiting to repatriate it to US investors whenever congress can be bought into offering a 'one time' tax break for doing so.
What Apple could use for a buyout (of anyone really) would be their cash, cash equivalents, short term investments and long term investments. They might end up with some complex web of borrowing money against those assets too, but that's relatively normal.
By 'cash' the OP of this comment meant money, not physical dollar bills in a savings account.
Apple has $10 billion in cash, yes, but they have very roughly $150 billion in cash+short term investments+long term investments. Most people refer to that number colloquially as Apple's cash.
So technically yes, Apple does have the means to completely purchase Intel at Intel's current market cap, but they would never make such a large acquisition.