Yesterday, The Washington Postbroke the story that the NSA, according to a leaked presentation, is “tapping directly into the central servers of nine leading U.S. Internet companies” to collect information on users, including e-mail, chat, photos, videos, and social network details. Basically everything, in other words.
Apple is denying that they have participated in PRISM, or even heard about it. That would seemingly end matters, except for one thing: even if Apple was part of PRISM, they would be required by law not to admit it if asked.
According to Barron’s today, Apple tops the list of tech companies keeping large amounts of cash reserves overseas. Barron’s quotes Moody’s Investor Services as estimating Apple’s overseas cash supply at $74 billion, which is higher than the $64 billion of last year.
Apple isn’t the only technology company sending cash and other liquid investments out of the country, of course. Microsoft comes in second place with an estimated $50 billion in cash, while Cisco and Oracle are estimated to have $42.3 and $25.1 billion socked away in cash, respectively.
Ah, the wondrous findings of random polls. This one appears to favor my personal favorite company and therefore I won’t argue against it. The rest of you are free to sound off in the comments after reading the favorable findings of this ABC News/Washington Post poll. A random national sample of 1,007 adults were asked whether or not they had a favorable or unfavorable impression of the following four tech companies: Google, Apple, Facebook, and Twitter.