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Jobs declares Apple 'debt-free'

Time: 07:31 EST/12:31 GMT | News Source: Macworld UK | Posted By: Joshua Baer

According to a memo reportedly issued by Apple CEO Steve Jobs to Apple staff around the world, Apple is now a "debt free" company. Company CFO Fred Anderson told The Wall Street Journal in January that the company planned to pay of the debt on February 16. That report stated that, according to Anderson the $300 million would come out of the $4.8 billion in cash that the company was holding when the quarter ended on December 27.

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