Apple Is Ready to Take a Bite of Silicon Valley

Comments from Apple CEO Steve Jobs this week suggested that the cash-rich computer and phone maker might be in a good position to start snapping up struggling tech companies.

During Apple’s earnings call Tuesday, Steve Jobs proudly reported that Apple had $25 billion "safely in the bank" and zero debt. More interestingly, he said he saw a bright side to the economic meltdown.

"This downturn may also present some extraordinary opportunities for companies that have the cash to take advantage of it," Jobs said.

By Brian X. Chen

Full Story: http://blog.wired.com/business/2008/10/how-will-apple.html

(Many thanks to Kemble Fletcher of http://www.rpa.com for passing this along. Russ)