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Apple Keeps Purse Strings Tight

Description:If cash is king- Apple rules the tech kingdom in the U.S.- but it's not giving any more up for now. At its annual meeting Apple's CEO Tim Cook says he feels shareholder's pain- and that the board remains in "very very active" discussions for cash sharing. But he didn't put his money where his mouth is. Apple is sitting on more than $137 billion - and growing. That works out to $145 per share. Shares that have lost ground- down about 35 percent from their peak in September. (1:54)

Source: Reuters

Tags: reuters , apple , brian colello , Tim Cook