Is This Tech Company Fooling Us All?
Jul 21st 2012 2:05PM
Updated Jul 22nd 2012 12:38PM
In the following video, Brenton discusses an interesting discussion topic introduced by famed entrepreneur and investor Peter Thiel during a recent tech conference. While discussing the state of technology with Google chairman Eric Schmidt, Thiel claimed that Google should admit it "is no longer a technology company." Why? He believes Google has run out of ideas for growth, sits on a mountain of cash, and can't pay a dividend because that would be admitting it was no longer a tech company. While there are certainly a lot of moving parts at work here, the topic brings to the surface one of the reasons tech companies have such high cash balances: repatriation tax. In the following video, Brenton discusses the news in more detail, as well as a few more tech companies holding huge cash balances offshore.
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The article Is This Tech Company Fooling Us All? originally appeared on Fool.com.Brenton Flynn has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple, Google, and Microsoft. Motley Fool newsletter services recommend Apple, Google, and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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