Apple Has More Cash On Hand Than The U.S. Government (AAPL)

Here's something to keep in mind as you follow this evening's congressional debate over the debt ceiling.

According to the latest daily statement from the U.S. Treasury, the government had an operating cash balance of $73.8 billion in at the end of the day yesterday.

Apple's last earnings report (PDF here) showed that the company had $76.2 billion in cash and marketable securities at the end of June.

In other words, the world's largest tech company has more cash than the world's largest sovereign government.

That's because Apple collects more money than it spends, while the U.S. government does not.

(The Atlantic and CNBC both pointed this out earlier.)

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See Also:

• HTC Is Sick Of Its Patent War With Apple, Wants To Negotiate A Truce
• iPads Have Outsold Android Tablets 24 To 1
• Apple's New Grand Central Terminal Store Looks Stunning

Apple Has More Cash On Hand Than The U.S. Government (AAPL)

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Zynga Has $1 Billion In Cash On Hand

Zynga has a great weapon to beat back competitors: almost $1 billion in cash.

It's actually $995.6 million. That could be really helpful for buying other companies to fill in gaps, like mobile.

Looking at Zynga's IPO filing, it looks like the company's got a pretty good cash machine.

Prior to 2010, the company raised cash through selling preferred shares -- that is, the traditional VC funding model.

But since 2010, it's been able to fund itself entirely through cash from operations. In 2010, its operating activities generated $326.4 million in cash, and in the first quarter of 2011, it got $103.7 million.

See Also: Here's Who Gets Rich Off The Zynga IPO.

 

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See Also:

• Mark Pincus Explains What Zynga Is All About
• ZYNGA FILES FOR $1 BILLION IPO: It Did $235 Million In Revenue, Earned $12 Million In Q1
• ZYNGA: IPO Filing Likely Tomorrow, Looking For $15 Billion To $20 Billion Valuation

Zynga Has $1 Billion In Cash On Hand

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US Wants Upper Hand In Battling High-Tech Bad Guys

coondoggie writes "The US Department of Justice this week said it was looking to boost the research and development of technology that could significantly bolster new forensic tools for digital evidence gathering. The DoJ's research and development arm, the National Institute of Justice (NIJ) said it was particularly interested in tools targeting forensics for mobile cellular devices; cloud computing environments; VoIP communication and vehicle computer systems."