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What does a company do with a US$ 100 billion cash hoard?

Apple plans to spend nearly half of it to pay a dividend to investors and buy back shares of the company:

http://www.nytimes.com/2012/03/19/technology/apple-to-announce-cash-plan.html?hp

http://www.huffingtonpost.com/2012/03/19/apple-announces-plans-for-cash_n_1362212.html