Apple Is Going to Spend a Lot of Money on … Something

Billions! On iCloud, maybe. Or solar farms. Or much less sexy but important things. Like, you know, factories and stuff.
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News Byte

Steve Jobs Spends More Time in the Labs, Less in the Air

Apple spent more time and money making stuff last year, and less time making deals. That’s the conclusion you can draw from Apple’s annual 10-K report filed with the SEC yesterday. The company’s R&D budget ballooned up to $1.8 billion in 2010–that’s up 64 percent from 2008. But Apple’s boss spent less time in the air: CEO Steve Jobs, who uses his personal jet to get around on company business and bills Apple for the expense, racked up a mere $248,000 in plane bills. That’s down 71 percent from two years ago.

News Byte

Microsoft’s Latest Revenue Stream: Acquisition Yard Sale

In its most recent fiscal year, Microsoft made more money divesting old acquisitions than making new ones. According to the company’s annual 10-K, Microsoft spent $267 million to purchase five companies in fiscal 2010 and made $600 million by selling off three others.

Tech Companies Worried About Their Core

Technology companies are more focused on risks to their core businesses than in the past, according to a review of corporate filings by consulting firm BDO Seidman. BDO reached this conclusion by studying the risk factors listed by the 100 largest tech companies by revenue in their annual 10-K filings with the Securities and Exchange Commission.

$1.9 Billion in Capex? What’s Apple Planning?

Here’s an interesting data point from Apple’s recent 10-K filing with the U.S. Securities and Exchange Commission: The company has budgeted $1.9 billion in capital expenditures for fiscal 2010. That’s 70 percent more than the $1.1 billion it spent in 2009. What does Apple plan to do with those additional funds?
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Palm's Pre Inventory Glut

Discussing Palm’s first-quarter results earlier this month, the company’s leadership claimed that “the vast majority of new sales” for the quarter were generated by the Pre. Palm sold some 823,000 handsets during that period with sell-through of 810,000 units, so that’s an impressive feat. But only if the sales we’re talking about here were made to on-the-street consumers. And, according to Town Hall research analyst David Eller, it’s not entirely clear that they were.
PalmCrate

Palm’s Pre Inventory Glut

Discussing Palm’s first-quarter results earlier this month, the company’s leadership claimed that “the vast majority of new sales” for the quarter were generated by the Pre. Palm sold some 823,000 handsets during that period with sell-through of 810,000 units, so that’s an impressive feat. But only if the sales we’re talking about here were made to on-the-street consumers. And, according to Town Hall research analyst David Eller, it’s not entirely clear that they were.
PalmCrate

Mind if I Pay These Late Fees With a Few of My Blockbuster Shares?

Blockbuster in a Monday filing told the Securities and Exchange Commission what anyone who’s observed its fast-declining fortunes has known for some time now: The company isn’t sure it can stay in business much longer. In a PricewaterhouseCoopers assessment included as part of its latest 10-K, Blockbuster acknowledged that its financial situation raises “substantial doubt about the Company’s ability to continue as a going concern.”
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Sirius to Shareholders: Put Down the Mylanta

Investors holding shares in foundering satellite radio outfit Sirius XM just received a bit of welcome news. The company has closed its investment deal with Liberty Media, resolving the “uncertainty” surrounding its debt maturing in 2009. Good thing too, because that uncertainty was pretty worrisome.
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