Read the Transcripts- it is all about growth and cash
China Mobile’s 4G service is only available in 16 cities today, and they plan to complete the rollout of more than 500,000 4G base stations, which will cover more than 340 cities by year-end.
Nobody discussing this growth
And turning to our cash, we ended the quarter with $158.8 billion in cash or short term and long term marketable securities, a sequential increase of $12 billion from the September quarter.
Our domestic cash was $34.4 billion at the end of the December quarter, a sequential decline of $1.1 billion. $124.4 billion, or 78%, of our total cash was offshore at the end of the December quarter, and cash flow from operations was $22.7 billion.
So who do you trust ? The 25 year analyst with a new MBA or the management team producing more cash then any other company.