Apple sets trend as Silicon Valley hoards its cash

Date: Thu, 13 May 2010 12:00:58 -0400

APPLE SETS TREND AS SILICON VALLEY HOARDS ITS CASH
Though companies like Apple, Cisco and Microsoft have vastly different
business models and skill sets, they have all become particularly
adept at one activity: printing money.

BP RELEASES SUBSEA VIDEO AS COSTS REACH $450 MLN
BP's cost estimate for the oil spill in the Gulf of Mexico gushed to
$450 million on Wednesday, after the oil company released its first
subsea video of the accident showing oil and natural gas shooting out
of the broken pipe a mile under the ocean.

BP DROPS 'TOP HAT' PLUG INTO WATER
A two-ton "top hat" plug built by BP was lowered into the water on
Wednesday to attempt to cap off the oil leak in the Gulf of Mexico in
the next couple of days.

TECHS TRADE SIDEWAY AS CISCO SHARES FALL
Technology stocks trade flat in early morning activity, as shares of
Cisco Systems decline sharply after the technology giant reports a
disappointing outlook.

SAP DRAWS MIXED REVIEWS FOR SYBASE ACQUISITION
SAP AG draws mixed reviews from Wall Street analysts Thursday for the
company's plan to purchase business software vendor Sybase Inc. for
$5.8 billion in cash.