David Friedman <ddfr@daviddfriedman.nopsam.com> wrote:

> > Apple is wealthier than Google by quite a wide margin.
>
> In terms of cash, about 40% wealthier, comparing Google in March to
> Apple currently. I'm not sure if that's what you mean by a wide margin.

40% in terms of a football game or baseball score is a wide margin. for
a loan, it's the difference of yes or no.

> ...
>
> > Banks don't look kindly on such ".com" bubbles, so Google is in a much
> > weaker position than Apple to bid on the upcoming spectrum sale.
>
> The price of Google's stock provides evidence of their ability to raise
> capital--they could, after all, issue some more of it.

yes, but banks will also look at Yahoo, Excite, pets.com, eToys.com,
etc. there is far more risk with Google than Apple since Google isn't
anything more than a web site, Apple actually builds products, sells
them and has a much more loyal following.