What U.S. can learn from Apple
By siliconindia   |   Friday, 05 August 2011, 00:04 IST   |    3 Comments
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Thumbs down for long term debts
"Larry Page and Sergey Brin founded Google Inc. in 1995. The company was born out of a federal grant. Its first business funding came from a co-founder of Sun Microsystems. Then the company raised $25 million from venture capitalists. Google is also cash-rich, but it recently went $3 billion into debt because it needed to establish a credit profile,'' the report adds. "John Mackey founded Whole Foods Inc. on a $45,000 loan from family and friends in 1978. The company was forced to borrow more when a fire destroyed its first store (it didn't have insurance). The company still had $508 million in long-term debt at the end of September.'' There are only two types of companies: those growing and those shrinking, the report says. "The US government today has officially become the latter.''

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